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Charles River Recognized for Institutional and Wealth Management Innovation in Prestigious 2019 FinTech Breakthrough Awards Program

April 3, 2019

BOSTON--(BUSINESS WIRE)--Apr 3, 2019--Charles River Development, a State Street Company, today announced that its Charles River Investment Management Solution ( Charles River IMS ) has been selected as a winner of the “Best Institutional Investment Platform” award by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global fintech market today.

The FinTech Breakthrough Awards is the premier awards program founded to recognize FinTech innovators, leaders and visionaries from around the world in a range of categories. These include Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2019 FinTech Breakthrough Award program attracted more than 3,500 nominations from across the globe.

“Charles River is an established industry leader that continues to innovate and enable their client firms to trade more efficiently and effectively across all asset classes,” said James Johnson, Managing Director, FinTech Breakthrough. “The Charles River IMS is a powerful solution that supports investment professionals across institutional, wealth management, hedge fund and all other asset classes. Congratulations to the Charles River team on their success and well-deserved industry recognition.”

With Charles River IMS, users can manage the full spectrum of financial products, from asset class-specific to solution oriented, and complex multi-asset products. Through its Software as a Service (SaaS) operating model, the Charles River IMS helps improve investment professional productivity, simplifies operations and lowers technology costs as it automates the investment process on a single platform.

“Charles River has invested significantly in R&D for more than 20 years, and there’s no vendor that can match our flexibility and scalability in helping buy-side firms manage and automate their investment process,” said John Plansky, CEO, Charles River. “As a part of State Street Corporation, we will continue to expand the capabilities of Charles River IMS through our joint development of the industry’s first front to back investment servicing platform.”

About Charles River, a State Street Company

Charles River Development, a State Street Company, enables sound and efficient investing across all asset classes. Investment firms in more than 40 countries 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 (SaaS) is designed to automate and simplify investment management on a single platform – from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data 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.

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 $31.62 trillion in assets under custody and administration and $2.51 trillion* in assets under management as of December 31, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.

* This figure is presented as of December 31, 2018 and includes approximately $32.44 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.

State Street Corporation One Lincoln Street, Boston, MA 02111-2900.
© 2019 State Street Corporation - All Rights Reserved

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190403005529/en/

CONTACT: Mary Masi-Phelps

Charles River Development

+1 781-425-6155

marymasiphelps@crd.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS NEW YORK

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Charles River Development

Copyright Business Wire 2019.

PUB: 04/03/2019 09:39 AM/DISC: 04/03/2019 09:39 AM

http://www.businesswire.com/news/home/20190403005529/en