Sophis has been awarded a contract from China Re Asset Management Company Ltd. (CRAMC), the asset management arm of China Reinsurance (Group) Corporation, to implement Sophis VALUE, its flagship buy-side system.

The mandate marks the first mainland Chinese insurance company to adopt a fully integrated Straight Through Processing (STP) system, which offers a centralized, user-friendly and automated platform overseeing all investment transactions. Under the agreement, the first stage of implementation will see the VALUE system being utilized by 50% of the team at CRAMC.

The Sophis VALUE system includes front-to-back office, risk management, and centralised data management modules and will provide CRAMC with world-class financial and technological capabilities, along with the user-friendliness and ease of implementation required for the Company’s future development.

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.

Founded in 1985, Sophis is a leading provider of cross-asset portfolio and risk management solutions for capital markets, investment managers, corporate and insurance companies. The company has a global presence with offices around the world. Sophis serves over 6,000 users in 130 market-leading institutions with its three solutions, RISQUE, dedicated to the sell-side, and VALUE and iSophis dedicated to the buy-side. In July 2007, the Private Equity fund Advent International acquired a majority stake in Sophis.