Federated Hermes’ Equity Strategies Now Live on Charles River® Investment Management Solution on Microsoft® Azure
November 30 2021 - 9:00AM
Business Wire
Charles River® Development, a State Street Company, today
announced Federated Hermes, Inc., a global leader in active
responsible investing, is now live with more than $97 billion in
equity strategies on Charles River’s strategic cloud solution.
Federated Hermes adopted the Charles River Investment Management
Solution (IMS) on Microsoft Azure to modernize their operating
model and support growth, utilizing the solution for portfolio
management, trading, and compliance.
Charles River IMS on Azure delivers a future-ready SaaS platform
that provides a foundation for transformation and growth. Federated
Hermes now benefits from the solution’s open architecture, with
access to the latest functionality, integrated data management, and
streamlined operations.
“Modernizing our operating model and migrating to Charles
River’s solution aligns with our strategy to more broadly embrace
cloud-based technology solutions,” said Jack T. Smith, chief
information officer at Federated Hermes, Inc. “The solution
provides for scalability, allowing us to stay on the industry’s
forefront and bring new products to market quickly.”
“The ground-to-cloud migration is a trend we are seeing with
leading global investment firms such as Federated Hermes,” said
Ruby Chiu, Head of Client Management, Americas, Charles River. “We
focus on partnering with our clients to help them achieve their
goals by leveraging the latest innovative and secure capabilities
our platform offers. By providing a scalable solution that is
interoperable with their preferred analytics, liquidity and data
providers, our customers are able to concentrate on their business
priorities.”
About Federated Hermes, Inc.
Federated Hermes, Inc. is a leading global investment manager
with $634.1 billion in assets under management as of Sept. 30,
2021. Guided by our conviction that responsible investing is the
best way to create wealth over the long term, our investment
solutions span equity, fixed-income, alternative/private markets,
multi-asset and liquidity management strategies. Providing
world-class active investment management and engagement services to
more than 11,000 institutions and intermediaries, our clients
include corporations, government entities, insurance companies,
foundations and endowments, banks and broker/dealers. Headquartered
in Pittsburgh, Federated Hermes’ nearly 2,000 employees include
those in London, New York, Boston and offices worldwide. For more
information, visit FederatedHermes.com.
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$35 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 AlphaSM.
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 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. To
learn more visit www.crd.com.
(Statistics as of Q3 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 $43.3 trillion in assets
under custody and/or administration and $3.9 trillion* in assets
under management as of September 30, 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 September 30, 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
3919919.1.1.GBL.
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version on businesswire.com: https://www.businesswire.com/news/home/20211130005632/en/
Mary Masi-Phelps marymasiphelps@crd.com 781-425-6155
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