Charles River Development Appoints Spiros Giannaros as President
December 04 2019 - 9:50AM
Business Wire
Industry Veteran Returns to Support the Firm’s Front-to-Back
Platform
Charles River Development, a State Street Company (NYSE: STT),
today announced the appointment of Spiros Giannaros as president of
Charles River Development (CRD). In this role, Giannaros will be
responsible for day-to-day operations of the company including
product, development, sales and services for the Charles River
Investment Management Solution (Charles River IMS). Giannaros will
report to John Plansky, who remains chief executive officer of
Charles River and leader of State Street Global Exchange® and State
Street AlphaSM, the Company’s front-to-back investment servicing
platform for global investment managers, hedge funds, asset owners
and insurers. Charles River IMS provides many of the front- and
middle-office capabilities of State Street Alpha.
“I’m very pleased that Spiros will be returning to Charles River
Development and assuming the role of president,” said Plansky.
“Since State Street announced its intention to acquire CRD in the
summer of 2018 and deliver the industry’s first open front-to-back
platform, we have built great momentum with clients who want an
integrated and open solution. Spiros’ background with Charles River
and his time with State Street uniquely position him to help us
build on what’s already been achieved.”
Most recently, Spiros was executive vice president and head of
Platform Strategies at State Street, where he reported to Lou
Maiuri, chief operating officer. Prior to that, he served as the
Global Head of Enterprise Data Management (EDM) and thinkFolio
serving as a Partner at IHS Markit (formerly Markit). In this role,
he was responsible for the firm’s data management, warehouse,
reporting businesses, software managed services, and the thinkFolio
business, an order management and portfolio modeling system. Before
joining IHS Markit, Spiros spent 15 years at Charles River
Development where he was a managing director for the Americas and
responsible for sales, strategic account management and product
marketing.
“I’m excited to be rejoining Charles River and working hand in
hand with John on State Street Alpha,” said Giannaros. “I am
looking forward to building on the momentum that’s already been
created and to further enhancing our real-time data intelligence
capabilities that will help our clients efficiently implement their
investment strategies and stay profitable through increasing cost
pressure, complexity and competition.”
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
$32.90 trillion in assets under custody and administration and
$2.95 trillion* in assets under management as of September 30,
2019, State Street operates globally in more than 100 geographic
markets and employs approximately 40,000 worldwide. For more
information, visit State Street's website at
www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $44
billion as of September 30, 2019), for which State Street Global
Advisors Funds Distributors, LLC (SSGA FD) serves as marketing
agent; SSGA FD and State Street Global Advisors are affiliated.
About Charles River, a State Street Company Investment
firms, asset owners, wealth managers, hedge funds and insurers in
more than 30 countries rely on Charles River’s front and middle
office investment management platform to manage more than US$30
Trillion in assets. Together with State Street’s middle and back
office capabilities, Charles River’s software technology forms the
foundation of State Street AlphaSM. The Charles River Investment
Management Solution (Charles River IMS) is designed to automate and
simplify the investment process across asset classes, from
portfolio management and risk analytics through trading and
post-trade settlement, with integrated compliance and managed data
throughout. Charles River’s growing partner ecosystem enables
clients to seamlessly access external data and analytics,
applications and liquidity venues that support the unique demands
of their product and asset class mix. Headquartered in Burlington,
Massachusetts, we serve clients globally with more than 975
employees in 11 regional offices. (statistics as of October 2019)
www.crd.com
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2019 State Street Corporation - All Rights Reserved
2853905.1.1.GBL.
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version on businesswire.com: https://www.businesswire.com/news/home/20191204005589/en/
Media Contact: Mary Masi-Phelps, Charles River
Development, +1 781-425-6155, marymasiphelps@crd.com
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