Charles River Development, a State Street Company, today
announced that Key Private Bank, the wealth management division of
KeyCorp, has consolidated management of its portfolio management
capabilities onto the Charles River Wealth Management Solution. Key
Private Bank has also enhanced its use of the platform, adopting
compliance, data services, IBOR, and performance measurement and
attribution capabilities.
“Centralizing our private banking operations onto the Charles
River Wealth Management Solution is a strategic step to scale and
support efficient growth,” said Joe Calabrese, Chief Operating
Officer, Wealth Management at KeyBank. “As a business partner,
Charles River has been a vital contributor to our success as the
firm continues to evolve. Expanding our use of the platform helps
streamline workflows for our advisors and traders, allowing us to
better serve our clients.”
“We believe that working in collaboration with clients is
critical to helping them achieve their goals in today’s competitive
marketplace,” said Randy Bullard, Global Head of Wealth, Charles
River. “Consolidating business lines onto a scalable, open
architecture platform helps firms like Key Private Bank increase
efficiency and modernize their operating models while positioning
for growth with innovative capabilities and next-gen
technology.”
About Key Private Bank
Key Private Bank is a leading provider of wealth management
solutions and advice for high-net worth and ultra-high-net worth
clients, including wealth advisory, investment management, trust
administration, customized credit, family office and private
banking services. Key’s wealth management platform combines the
market insights of local advisors with a national team of wealth
and investment strategists to deliver proactive and personalized
advice and expertise to clients. Advisors also leverage
partnerships with Key’s business banking and capital markets teams
to build wealth plans tailored to meet each client’s specific need.
Key Private Bank’s wealth management platform is delivered across
15 of the United States. Key Private Bank has $45.2 billion in AUM
and $52.7 billion in AUA at March 31, 2021.
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 $40.3 trillion in assets
under custody and/or administration and $3.6 trillion* in assets
under management as of March 31, 2021, 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 March 31, 2021 includes
approximately $60 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
Charles River Development - A State Street Company is a wholly
owned business of State Street Corporation (incorporated in
Massachusetts).
This document and information herein (together, the “Content”)
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”).
The Content is provided only for general informational,
illustrative, and/or marketing purposes, or in connection with
exploratory conversations; it does not take into account any client
or prospects particular investment or other financial objectives or
strategies, nor any client’s legal, regulatory, tax or accounting
status, nor does it purport to be comprehensive or intended to
replace the exercise of a client or prospects own careful
independent review regarding any corresponding investment or other
financial decision. The Content does not constitute investment
research or legal, regulatory, investment, tax or accounting advice
and is not an offer or solicitation to buy or sell securities or
any other product, nor is it intended to constitute any binding
contractual arrangement or commitment by State Street of any kind.
The Content provided was prepared and obtained from sources
believed to be reliable at the time of preparation, however it is
provided “as-is” and State Street makes no guarantee,
representation, or warranty of any kind including, without
limitation, as to its accuracy, suitability, timeliness,
merchantability, fitness for a particular purpose, non-infringement
of third-party rights, or otherwise. State Street disclaims all
liability, whether arising in contract, tort or otherwise, for any
claims, losses, liabilities, damages (including direct, indirect,
special or consequential), expenses or costs arising from or
connected with the Content. The Content is not intended for retail
clients or for distribution to, and may not be relied upon by, any
person or entity in any jurisdiction or country where such
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that could be deemed forward-looking statements; any such
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developments may differ materially from those depicted or
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permission is granted to reprint, sell, copy, distribute, or modify
the Content in any form or by any means without the prior written
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The offer or sale of any of these products and services in your
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and/or actively trade in financial instruments or other products
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©2021 STATE STREET CORPORATION
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Mary Masi-Phelps marymasiphelps@crd.com 781-425-6155
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