Futuregrowth Asset Management Adopts Charles River® for Managing Fixed Income Strategies
May 12 2022 - 6:31AM
Business Wire
Charles River Development, a State Street Company, today
announced that Futuregrowth Asset Management (Pty) Ltd. (FGAM), a
South African Asset Manager, has selected the Charles River
Investment Management Solution (Charles River IMS) as their new
front office investment system.
Charles River IMS provides a unified platform for risk and
portfolio management, trading and collateral management, helping
FGAM’s investment team gain faster, better informed insights,
collaborate more effectively and reduce operational friction across
the enterprise.
“Managing investments in an ethical and sustainable way for
stakeholders requires a technology platform aligned with our
mission. Charles River’s flexibility will help maintain these
principles by supporting our workflows, which will help ensure we
meet the needs of our clients and communities,” said Barron Africa,
Chief Operations Officer, FGAM. “Our systems will support various
strategic projects by providing for end-to-end integration between
our front and back office while supporting our complex credit fixed
interest instruments.”
“Charles River has maintained a strong presence in South Africa
and continues to support our growing client base in the region,”
said John Reardon, Country Manager, Charles River Development. “Our
investment platform helps firms like FGAM increase operational
efficiency without reducing their ability to deliver innovative and
ethical investment strategies.”
About Futuregrowth Asset Management
Futuregrowth Asset Management is a leading fixed interest
investment company that manages around R193 billion (+/- US$12
billion) of assets as at 31 December 2021 on behalf of its
investors, which are predominantly South African retirement
insurance and retail funds. Futuregrowth has been part of the South
African asset management landscape since 1995 and is an affiliate
of the Old Mutual Investments Holdco (OMI). OMI has been the
majority shareholder of Futuregrowth since 2008.
About Charles River, A State Street Company
Investment, wealth and alternative managers, asset owners and
insurers in 30 countries rely on Charles River IMS to manage USD
$36 Trillion in assets. Together with State Street’s middle and
back office services, Charles River’s cloud-deployed front office
technology forms the foundation of State Street Alpha℠. Charles
River helps automate and simplify the 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 partner ecosystem enables
clients to access the data, analytics, application and liquidity
providers that support their product and asset class mix. We serve
clients globally with more than 1,000 employees in 11 regional
offices. (Statistics as of Q4 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 $41.7 trillion in assets
under custody and/or administration and $4.0 trillion* in assets
under management as of March 31, 2022, 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, 2022 includes
approximately $73 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.
©2022 State Street Corporation – All Rights Reserved State
Street Corporation, One Lincoln St, Boston MA 02111
4727707.1.1.GBL.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220512005452/en/
Media Helen Traverso helentraverso@crd.com +44 (0) 7747
174620
State Street (NYSE:STT)
Historical Stock Chart
From May 2024 to Jun 2024
State Street (NYSE:STT)
Historical Stock Chart
From Jun 2023 to Jun 2024