Clients Live on Charles River’s Investment Management Solution Built on Microsoft® Azure
March 22 2021 - 9:30AM
Business Wire
Charles River Development, a State Street Company, today
announced that the first 10 clients to adopt its strategic cloud
solution are now live. The Charles River Investment Management
Solution (Charles River IMS) on Microsoft Azure helps set a new
industry standard as a cloud-based offering that helps firms
innovate, bring new products to market quickly, and mitigate
operational and security risks.
BMO Global Asset Management, who recently implemented Charles
River IMS on Azure in Canada, commented: “Charles River IMS on
Azure provides our Canadian business with a solution that
accommodates multi-asset products and scales for high volumes of
activity.”
“Having 10 clients live just over one year after announcing our
strategic cloud solution represents a significant milestone,” said
Dean Landis, Global Head of Delivery, Charles River. “During that
time, we built a platform architecture that would allow customers
to both streamline their operations as well as enable business
transformation. When events surrounding the COVID-19 pandemic
unfolded, we were able to support our customers’ transition to
remote operations while continuing to move forward with cloud
migrations.”
“This is great news because it demonstrates how far we’ve come
in one year and what we will continue to accomplish with
approximately 40 customer deployments we have planned in the coming
months,” said Dmitriy Ilyin, Managing Director of SaaS Operations,
Charles River. “This year has emphasized the importance of cloud
technology in business continuity, and we’ve built a resilient and
performant platform that meets the stringent security standards
required by our customers.”
“Charles River’s use of Microsoft Azure allows them to empower
investment firms with innovative capabilities underpinned by a
flexible, highly performant, and secure foundation,” said Corey
Sanders, corporate vice president, Microsoft Corp. “Our
collaboration with Charles River will continue to deliver an
enhanced customer experience, to help their clients navigate
changing markets and enable business growth and
transformation.”
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. For
more information, please visit www.crd.com. (Statistics as of
February 2021)
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 $38.8 trillion in assets
under custody and/or administration and $3.5 trillion* in assets
under management as of December 31, 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 December 31, 2020 includes
approximately $75 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
©2021 State Street Corporation – All Rights Reserved State
Street Corporation, One Lincoln St, Boston MA 02111
Information Classification: General
3490522.1.1.GBL.
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Mary Masi-Phelps marymasiphelps@crd.com 781-425-6155
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