London-headquartered global asset manager Schroders is upgrading to the Charles River Investment Management Solution Version 9 and expanding use of the system globally.

Schroders has been a client of front- and middle-office investment management solutions provider Charles River since 2001.   

"Schroders has grown considerably in the last decade and we are positioning ourselves to grow further," said Matthew Oakeley, group head of IT at Schroders. "We have always viewed Charles River as a strategic partner. Using Charles River IMS more widely will allow us to increase functionality to the portfolio managers and trading teams and ensure that our business areas have the scalability to support future growth and diversification."

Schroders had $327.4 billion under management at 30 September 2012, and operates from 33 offices in 26 countries across Europe, the Americas, Asia and the Middle East.

Charles River has some 350 clients in over 43 countries in the wealth management, institutional asset and fund management, alternative investments, insurance, banking, pension and custody markets.