Rathbone Funds Now Live on Charles River IMS® and State Street Alpha® Data Platform
July 20 2023 - 6:30AM
Business Wire
Charles River Development, a State Street Company, today
announced that Rathbone Funds (Rathbone Unit Trust Management Ltd),
the London-based subsidiary of Rathbones Group Plc, is live on the
cloud-based Charles River Investment Management Solution (Charles
River IMS) and the State Street Alpha Data Platform (ADP).
Rathbones now benefits from a single enterprise solution
underpinned by a solid data foundation. The combination of Charles
River IMS and ADP empowers their business with faster insights,
increased operational efficiency, and greater collaboration across
investment teams. An enterprise-wide view of portfolios and
exposures, risk, performance, and ESG analytics in one solution
allows Rathbones to position for scalable growth.
“Charles River IMS and the Alpha Data Platform are instrumental
to achieving our business goals and growth plans,” said Mike Webb,
Chief Executive of Rathbone Unit Trust Management Ltd. “Data-driven
workflows are helping us to drive efficient decision making and
bringing differentiated, innovative products to market
quickly.”
“We are thrilled to partner with Rathbones in support of their
goals and growth strategy,” said Caroline O’Shaughnessy, Managing
Director, EMEA, Charles River. “Succeeding in today’s market
requires scalable, flexible technology and a reliable data model.
Charles River IMS and ADP will help Rathbones meet their goals by
helping them focus on core competencies, realize greater insights
from their data, and manage costs as they grow.”
About Rathbone Unit Trust Management Ltd
Rathbone Unit Trust Management Limited is a wholly-owned,
London-based subsidiary of Rathbones Group Plc. In 1995 and 1996
respectively, Rathbones Group acquired stockbrokers Laurence Keen
and Neilson Cobbold, securing many private wealth managers, and
their clients. The company also acquired unit trusts from Laurence
Keen Unit Trust Management including the Rathbone Income Fund - the
success of which led to a rebranding of the operation in 1999 to
Rathbone Unit Trust Management Limited. Through its subsidiaries,
Rathbones Group Plc manages £60.9 billion of client funds, of which
£11.4 billion is managed by Rathbone Unit Trust Management Limited
(as of December 31, 2022).
About Rathbones Group Plc
Rathbones Group Plc (Rathbones) provides individual investment
and wealth management services for private clients, charities,
trustees and professional partners. We have been trusted for
generations to manage and preserve our clients' wealth. Our
tradition of investing and acting responsibly has been with us from
the beginning and continues to lead us forward. Our ambition is to
be recognised as the UK's most responsible wealth manager.
Rathbones has over 2,100 people in 15 UK locations and Jersey; its
headquarters is 8 Finsbury Circus, London, EC2M 7AZ. Learn more at
rathbones.com.
About Charles River Development, A State Street
Company
Investment, wealth and alternative managers, asset owners and
insurers in 30 countries rely on Charles River IMS to manage USD
~$48 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 1,250 employees in 11 regional
offices. To learn more visit www.crd.com.
(As of Q1 2023)
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 $39.6 trillion in assets
under custody and/or administration and $3.8 trillion* in assets
under management as of June 30, 2023, State Street operates
globally in more than 100 geographic markets and employs
approximately 43,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of June 30, 2023 includes
approximately $63 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.
© 2023 State Street Corporation - All Rights Reserved
5765867.1.1.GBL.
Information Classification *General
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Media Helen Traverso htraverso@crd.com + 44 (0) 7747
174620
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