Charles River Development, a State Street company, today
announced that Colfondos S.A. Pensiones y Cesantías (Colfondos),
one of Colombia’s largest pension funds, has selected the
cloud-based Charles River Investment Management Solution (Charles
River IMS) to manage their domestic and global equity and fixed
income portfolios on a consolidated front and middle office
platform.
Charles River enables Colfondos to meet the bespoke demands of
their investment process and automate support across asset classes
for the geographies they invest in. Colfondos will be able to enter
new markets in Chile and Peru at enterprise scale, leveraging
Charles River’s open architecture platform and interoperability
with an ecosystem of liquidity, data and regulatory reporting
providers.
“Charles River’s scalability and ability to handle Latin America
workflows and asset classes enables us to automate processes and
grow assets and accounts under management,” said Andrés Lozano,
Chief Investment Officer, Colfondos. “Charles River’s local support
teams and expertise in Latin America markets was key to our
decision to adopt their platform.”
“For over 20 years, Charles River has maintained a strong
presence in Latin America supporting our growing client base,” said
Matt Daly, Managing Director, Charles River Development. “Our
SaaS-deployed platform, built on Microsoft Azure, enables firms to
expand their regional footprint, service new asset classes and
address regulatory data residency requirements.”
Investment managers, pensions, private banks, wealth managers
and insurance companies in Brazil, Chile, Mexico, Colombia and
Panama currently manage over USD$350 billion on Charles River
IMS.
About Colfondos Colfondos S.A. Pensiones y Cesantias
operates as a pension fund manager. The Company manages pension and
investment funds with total AUM´s of USD 13.2 BN and has close to 3
mm clients. Colfondos is the third largest private pension fund in
Colombia.
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 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
3490586.1.1.GBL.
Disclaimer:
Charles River Development - A State Street Company is a wholly
owned business of State Street Corporation (incorporated in
Massachusetts).
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is subject to change without notice based on market and other
conditions and may not reflect the views of State Street
Corporation and its subsidiaries and affiliates (“State Street”).
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Mary Masi-Phelps marymasiphelps@crd.com 781-425-6155
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