Sophis, a provider of cross-asset, front-to-back portfolio and risk management solutions, has been awarded a contract from China Re Asset Management Company Ltd. (CRAMC), the asset management arm of China Reinsurance Corporation, to implement Sophis VALUE, its flagship buy-side system.
Under the agreement, the first stage of implementation will see the VALUE system being utilized by 50% of the team at CRAMC.
Corinne Grillet, COO of Sophis Asia, said: "We are delighted to be recognized by one of China's most reputable insurance companies. Despite fierce competition, our strong track record in the asset management industry and the flexibility and fully integrated nature of VALUE have once again proven to be the key winning factors. We look forward to working with CRAMC and its forward-thinking management, to set up an innovative and robust system in anticipation of the evolving mainland financial industry."
The Sophis VALUE system includes front-to-back office, risk management, and centralized data management modules and will provide CRAMC with the user-friendliness and ease of implementation required for the company's future development, Sophis said in a release.
Rong Zhiping, Party Committee Member for CRAMC, said: "To support our pioneering products and diversified asset classes over the coming years, we are looking not only for a system bridging international and local markets, but also a single highly integrated platform that will be used by every team member, from top management to front-line staff. And Sophis successfully won our vote as the clear industry leader in providing such a solution."
Sophis opened an office in Beijing in 2009, located in the New Poly Plaza, Central Business District, Beijing and is expanding its team of sales and consulting professionals to service its new clients in China.Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio