Charles River Previews Future Vision with State Street to Clients
October 04 2018 - 12:54PM
Business Wire
Chief Executive Officer addresses global asset management
audience at EMEA Regional Client Conference
Charles River Development (Charles River), a State Street
Company and provider of the Charles River Investment Management
Solution (Charles River IMS), held its 2018 EMEA Client Conference
this week in London. More than 170 attendees representing over 40
firms from 14 countries participated in the event, the first
Charles River Client Conference since its acquisition by State
Street Corporation (NYSE: STT) was completed on October 1,
2018.
Charles River’s newly appointed chief executive officer, John
Plansky, addressed attendees and outlined the strategic rationale
for the acquisition and his vision for the future. Plansky
previewed plans to combine Charles River’s front and middle office
Software as a Service (SaaS) capabilities with State Street’s
complementary services to deliver a comprehensive, interoperable
front-to-back Buy-Side platform.
“State Street and Charles River Development always shared a
common focus on helping our clients grow, respond and adapt to
industry trends,” said Plansky. “Together, we are creating the
industry’s first-ever global interoperable platform from a single
service provider that connects the front, middle and back office –
something our clients have been asking for. We are excited at the
opportunity this presents to help our clients manage their
business, investments and data more effectively and efficiently. We
are committed to working closely with Charles River’s clients and
increasing our investments to strategically enhance capabilities
across the front office, middle office, data management and
integration of liquidity providers, insights and the back
office.”
The client conference covered a wide range of topics for
business line executives, fixed income and equity portfolio
managers and traders, compliance and risk personnel, operations,
and technology managers. In more than 20 presentations and
networking sessions, Charles River managers, clients and industry
partners discussed current trends impacting buy-side firms in EMEA
and globally, as well as Charles River’s product road map.
“The conference gives us critical insight into the challenges
clients are facing as they launch more innovative revenue
generation options, including digital channels, to optimize the
fast-moving cross-asset trading environment whilst responding to
ongoing margin pressure and keeping up with ongoing regulatory
change,” said Gavin Lavelle, managing director, EMEA, Charles
River. “We are focused on providing our customers the necessary
services to generate growth whilst optimizing and simplifying
middle and back-office processes. Our cloud-based enterprise
solution and data services further reduce cost and maximise results
for their business users. Combining with State Street provides a
unique and comprehensive solution to our clients’ current and
future needs.”
About Charles River, A State Street Company
Institutional, wealth, asset owner and alternative investment
firms use the Charles River IMS to manage more than $25 Trillion in
assets. The major components of the Charles River IMS include
portfolio decision support, order management, trading, compliance,
post-trade settlement, IBOR, performance measurement/attribution,
risk, collateral management, data provisioning, data management and
others.
Headquartered in Burlington, Massachusetts, Charles River
supports over 300 clients in more than 40 countries with 750
employees in 11 regional offices. For more information, please
visit www.crd.com.
About State Street Corporation
State Street Corporation (NYSE:STT) is the world's leading
provider of financial services to institutional investors including
investment servicing, investment management and investment research
and trading. With $33.9 trillion in assets under custody and
administration and $2.7 trillion* in assets under management as of
June 30, 2018, State Street operates globally in more than 100
geographic markets and employs over 38,000 worldwide. For more
information, visit State Street's website at
http://www.statestreet.com/platformforgrowth.
* Assets under management include the assets of the SPDR® Gold
ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $33
billion as of June 30, 2018), for which State Street Global
Advisors Funds Distributors, LLC (SSGA FD) serves as marketing
agent; SSGA FD and State Street Global Advisors are affiliated.
The whole or any part of this report may not be reproduced,
copied or transmitted, or any of its contents disclosed to third
parties without State Street’s express written consent.
Investing involves risk including the risk of loss of
principal.
The material presented herein is for informational purposes
only. The views expressed herein are subject to change based on
market and other conditions and factors. The opinions expressed
herein reflect general perspectives and information and are not
tailored to specific requirements, circumstances and / or
investment philosophies.
Expiration Date: October 30, 2019©2018 State Street Corporation
- All Rights ReservedState Street Corporation, One Lincoln St,
Boston MA 02111
2264037.1.1.GBL.
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version on businesswire.com: https://www.businesswire.com/news/home/20181004005663/en/
Charles River DevelopmentMary Masi-Phelps, +1
781-425-6155marymasi-phelps@crd.com
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