BOSTON--(BUSINESS WIRE)--The Glenmede Trust Company, N.A. (Glenmede) has chosen the Charles River Investment Management Solution (Charles River IMS) as the enterprise investment management platform for its institutional and wealth management businesses. The SaaS-based solution provides Philadelphia, PA-based Glenmede with a single system for risk and scenario analysis, portfolio analytics and construction, order and execution management, post-trade processing, compliance, performance measurement, IBOR, and Transaction Cost Analysis.
The Charles River IMS will support Glenmede’s portfolio managers, traders, compliance and operations staff in making and administering public investments across various types of securities. Real-time pricing, reference and benchmark data will be provided and managed via Charles River’s integrated data services.
“The depth of Charles River’s decision support capabilities and their strong commitment to both wealth management and institutional asset management will help us better provide personalized services and sustainable solutions to clients. Their ability to support all asset classes and handle high volume in a single system allows Glenmede to streamline processes to reduce risk while planning for future growth,” said Lou Pellicori, Chief Technology Officer and Managing Director, Glenmede.
“For many firms like Glenmede, adopting an enterprise platform not only lowers costs but enables standardization, product cross-selling and collaboration between business units,” said Tom Driscoll, Global Managing Director, Charles River. “Consolidating all operations on a single platform provides significant efficiencies as well as a better ability to manage enterprise risk and compliance.”
About Glenmede Trust Company
The Glenmede Trust Company,
N.A. (“Glenmede”) is among the nation’s leading investment and wealth
management firms with $34 billion of assets under management for
high-net-worth individuals, families, family offices, endowment,
foundations and institutional clients. Headquartered in Philadelphia,
the firm has offices in Ohio, Delaware, New Jersey, New York City and
Washington DC. For further information, please visit www.glenmede.com.
About Charles River
Charles River enables sound and
efficient investing across all asset classes. Over 350 firms worldwide
use Charles River IMS to manage more than US$25 Trillion in assets in
the institutional investment, wealth management and hedge fund
industries. Our Software as a Service-based solution automates and
simplifies investment management on a single platform – from portfolio
decision support and risk management through trading and post-trade
settlement, with integrated risk and compliance throughout.
Headquartered in Burlington, Massachusetts, we support clients globally
with more than 750 employees in 11 regional offices. For more
information, please visit www.crd.com.