Canada Pension Plan Investment Board Selects Charles River IMS to Streamline Multi-Asset Portfolio Management
October 19 2020 - 9:00AM
Business Wire
Charles River Development, a State Street Company, today
announced that Canada Pension Plan Investment Board (CPP
Investments™) has selected the cloud-based Charles River Investment
Management Solution (Charles River IMS) for managing portfolios
across all publicly traded asset classes including equities, fixed
income and derivatives. CPP Investments currently manages CAD 434.4
billion in assets on behalf of more than 20 million
beneficiaries.
CPP Investments selected Charles River IMS to support their
program to help modernize its public markets trading capabilities.
The program aims to implement an integrated technology and data
platform to support global trading across the entire public markets
investment lifecycle with appropriate governance, controls and
robust business architecture as well as to improve the operational
risk exposure management.
“Our initiative is designed to ensure that our operating model
and business processes can continue to support our investment
strategy as products grow in complexity and markets become more
fragmented,” said Poul Winslow, Senior Managing Director &
Global Head of Capital Markets and Factor Investing, CPP
Investments. “Developing these capabilities will allow us to
increase efficiency, flexibility and scalability of our global
trade execution and processing across developed and emerging
markets, which will greatly benefit the Fund over the
long-term.”
By consolidating investment processes across asset classes on a
single platform, Charles River IMS enables CPP Investments to
leverage technology and services that help drive efficiencies and
better inform their asset allocation and investment decisions.
“Our selection of Charles River IMS will help CPP Investments to
scale up to meet expected future growth and diversity in asset
classes,” said Kelly Shen, Senior Managing Director & Chief
Technology and Data Officer, CPP Investments. “Achieving a high
degree of straight-through processing throughout the investment
end-to-end lifecycle, will simplify our application landscape, and
increase agility in portfolio management.”
Adoption of Charles River IMS, hosted on Microsoft® Azure, will
help CPP Investments rationalize legacy applications and position
their operating model to support growth, mitigate operational risk
by replacing legacy applications, and help ensure consistent data
across the enterprise.
“Leading investment organizations like CPP Investments are
retiring legacy technology and bespoke processes to modernize their
operating model, positioning their organizations for growth,” said
Matt Daly, Head of Americas, Charles River. “Our strategic
investments in technology, services and interoperability are paying
dividends for our customers, helping them accelerate business
transformation. Seamlessly integrating to proprietary and
third-party solution providers, supported by a unified data model,
enables asset managers and owners to streamline their investment
processes.”
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 cloud-deployed
software technology forms the foundation of State Street Alpha℠.
The Charles River Investment Management Solution (Charles River
IMS) is designed to automate and simplify the institutional
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 1,000 employees in 11 regional offices.
(Statistics as of Q3 2020) For more information, please visit
www.crd.com.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world’s
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $33.52 trillion in assets
under custody and/or administration and $3.05 trillion* in assets
under management as of June 30, 2020, 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 June 30, 2020 includes
approximately $67 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
About CPP Investments
Canada Pension Plan Investment Board (CPP Investments™) is a
professional investment management organization that invests around
the world in the best interests of the more than 20 million
contributors and beneficiaries of the Canada Pension Plan. In order
to build diversified portfolios of assets, investments in public
equities, private equities, real estate, infrastructure and fixed
income are made by CPP Investments. Headquartered in Toronto, with
offices in Hong Kong, London, Luxembourg, Mumbai, New York City,
San Francisco, São Paulo and Sydney, CPP Investments is governed
and managed independently of the Canada Pension Plan and at arm’s
length from governments. At June 30, 2020, the Fund totaled C$434.4
billion. For more information, please visit www.cppinvestments.com
or follow us on LinkedIn, Facebook or Twitter.
State Street Corporation, One Lincoln St, Boston MA 02111 © 2020
State Street Corporation - All Rights Reserved
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Media Contact Mary Masi-Phelps marymasiphelps@crd.com
781-425-6155
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