Charles River Investment Management Solution (IMS) Now Client-Ready on Microsoft® Azure
April 14 2020 - 7:30AM
Business Wire
Charles River Development, a State Street Company, today
announced that its strategic cloud solution, Charles River
Investment Management Solution (Charles River IMS), has achieved
platform and operational readiness on Microsoft Azure. The offering
utilizes Microsoft’s scale and security capabilities to provide
investment firms with a platform that enables innovation and helps
clients mitigate risk. Charles River has initiated the migration of
new and existing SaaS (Software as a Service) clients onto the new
Azure infrastructure.
“In today’s environment of unprecedented market volatility,
margin pressures, and increased competition, cloud-based solutions
offer the resilience, scalability, and performance that investment
firms need as a foundation for innovation and growth,” said Spiros
Giannaros, President of Charles River. “Microsoft Azure will
provide additional capabilities to service our customers and new
opportunities to integrate in our customers’ cloud solutions. This
is central to our strategy to provide global scale as an enterprise
investment management solution provider.”
“When we originally announced we would be using Microsoft Azure
in 2019, we knew Charles River was setting a new industry standard
for a cloud-based investment management solution that is both
secure and highly performant,” said Kishore Kottapalli, global head
of Cloud Strategy and Engineering at Charles River. “Microsoft’s
investment in security and operational infrastructure enables our
offering to meet the stringent security policies and standards that
is expected by our clients and required by State Street as a GSIFI
(Global Systemically Important Financial Institution).”
Charles River IMS serves as the front and middle office
component of State Street Alpha℠, which provides investment
managers, hedge funds, asset owners and insurers with a complete
front to back solution for risk management, portfolio construction,
trading, compliance, post-trade and back office services.
About Charles River, a State Street Company
Investment firms, asset owners, wealth managers, hedge funds and
insurers in over 30 countries rely on the Charles River Investment
Management Solution (Charles River IMS) to manage US$28 Trillion.
Together with State Street’s middle and back office services,
Charles River technology forms the foundation of State Street
Alpha℠. Charles River IMS helps firms automate and simplify their
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 third-party provider ecosystem enables clients to
seamlessly access the 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 1,000 employees in 11
regional offices. For more information, please visit www.crd.com.
(Statistics as of January 2020)
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 $34.36 trillion in assets under custody and
administration and $3.12 trillion* in assets under management as of
December 31, 2019, State Street operates globally in more than 100
geographic markets and employs approximately 39,000 worldwide. For
more information, visit State Street's website at
www.statestreet.com.
*Assets under management as of December 31, 2019 includes
approximately $45 billion of assets with respect to which State
Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as
marketing agent; SSGA FD and State Street Global Advisors are
affiliated.
© 2020 State Street Corporation - All Rights Reserved
3036337.2.1.AM.RTL Expiration Date: April 30, 2021
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version on businesswire.com: https://www.businesswire.com/news/home/20200414005443/en/
Media Contact Mary Masi-Phelps marymasiphelps@crd.com
781-425-6155
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