Under the contract, Brady will supply Yarlun a complete solution, including a number of specialised trading management functions such as trade financing, money market transactions, document management, inventory and accounting.

Yarlun has chosen Brady’s front-to-back office solution for managing its newly-launched commodities fund.

Geoff Main, CFO at Yarlun Capital, said: “We chose Brady for our commodities fund because we felt their many years' experience in these markets would be of great benefit to us. We had very tight deadlines for the upgrading of our infrastructure so we needed to work with a company which has a very clear understanding of our requirements and the asset classes we will be managing. Brady amply demonstrated to us that they have both and are able to offer and install the complete front-to-back office solution, within our required time-frame."

Brady's technology will be installed in Yarlun's Singapore office and will provide a comprehensive, straight-through processing (STP) solution.

Yarlun is the fund manager for XTCMF, which focuses on the financing, origination and distribution of oil products, iron ore, coal, soya beans and fertiliser products for clients in Vietnam, Indonesia, India, Korea, China, Latin American and the Former Soviet Union.

Gavin Lavelle, CEO of Brady, said: “I am particularly pleased to welcome Yarlun as a client. XTCMF is an extremely strong player in the Asian markets and for Yarlun to select Brady as their partner of choice is very gratifying. Asia is clearly a very large market for commodity trading and I am delighted to see that our investment in our Asian operations is demonstrating growth which we expect to further accelerate.

"We are seeing a growing interest from fund management institutions in commodities. These asset classes are increasingly being seen as offering excellent opportunities for investment and are playing a significant role in diversification of assets."

Will the selection benefit Yarlun Capital?

Have your say and discuss with your peers on the InfoGrok community.

Participate by posting your comments now.