On 22nd of June The State Oil Fund of the Republic of Azerbaijan signed agreement with Thomson Financial Limited, the winner of open tenders for provision of IT solution for Portfolio Management/Portfolio Accounting System, which were held in strict conformance with the Law of Azerbaijan Republic on Public Procurement.

The cost of the Portfolio Management/Portfolio Accounting agreement is USD 692,927. The implementation of the system is expected to be completed in 6 month.

Thomson Financial Limited is one of the leading global providers of investment management, bank treasury software products and technology solutions to the worldwide financial community.