Charles River Development Awarded Best Cloud-Based Front Office Solution

BOSTON--(BUSINESS WIRE)--Charles River Development has won “Best Cloud-Based Front Office Solution System Provider” at the Fund Intelligence Tech & WSL Awards 2020. Presented on February 25^th in New York, the awards recognize and reward providers catering to asset managers and institutional traders who have demonstrated exceptional client service and innovative product development in the past 12 months.

Charles River Investment Management Solution (Charles River IMS) serves as the front and middle office component of the State Street Alpha℠ Platform, which provides investment managers, hedge funds, asset owners and insurers with a complete front to back solution for risk management, portfolio construction, trading, compliance, post-trade and back office services.

Charles River IMS is deployed via a cloud-based Software as a Service (SaaS) model, supported by a global team of application specialists. This approach improves the end user experience by providing timelier software upgrades, continuous functional enhancements, and improved data integration, management, and support.

“Cloud-based deployment is key to providing our clients with a scalable, flexible and highly performant platform for managing their investments and servicing their investors,” said Spiros Giannaros, President of Charles River. “Our recent adoption of Microsoft® Azure as our strategic cloud platform marks an important milestone in our evolution as a cloud-based enterprise solution provider, enabling buy-side firms to more easily increase data and computing capacity, serve all geographies on a single platform and meet growing regulatory mandates around data residency.”

Charles River IMS has won a number of awards recently for portfolio management and trading including “Best Buy-Side Portfolio Management System” by WatersTechnology, “Best Fixed Income EMS/OMS Provider” from Fund Intelligence Operations and Services Awards and “Best Multi-Asset Trading System” from Global Investor Group.

About Fund Intelligence Tech & WSL Awards

For over 20 years the Fund Intelligence Tech & WSL Awards have recognized and rewarded exceptional client service and innovative product development among the service providers and partners supporting asset managers and institutional traders. Our experience team of journalists provides asset management professionals with vital and actionable intelligence across all parts of the modern fund complex, including sales, marketing, compliance, operations and technology functions. For more information please visit fundintelligence.global/events.

About Charles River, a State Street Company

Investment firms, asset owners, wealth managers, hedge funds and insurers in over 30 countries rely on the Charles River Investment Management Solution (Charles River IMS) to manage US$28 Trillion. Together with State Street’s middle and back office services, Charles River technology forms the foundation of the State Street Alpha℠ platform. Charles River IMS helps firms automate and simplify their 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 third-party provider ecosystem enables clients to seamlessly access the 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 January 2020)

About State Street Corporation

State Street Corporation (NYSE:STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $34.36 trillion in assets under custody and administration and $3.12 trillion* in assets under management as of December 31, 2019, 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 December 31, 2019 includes approximately $45 billion of assets with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.}

© 2020 State Street Corporation - All Rights Reserved

3005772.1.1.AM.RTL