LGIM Centralises Global Trading onto Charles River IMS
December 02 2019 - 9:00AM
Business Wire
Charles River Development, a State Street company, today
announced that Legal and General Investment Management (LGIM), one
of Europe’s largest institutional asset managers, managing over £1
trillion in assets, has selected the Charles River Investment
Management Solution (Charles River IMS) to streamline their global
trading operations.
Building on LGIM’s initial adoption of the cloud-based Charles
River IMS for pre- and post- trade compliance, the addition of
cross-asset order management capabilities will help consolidate
investment processes for LGIM’s index, liability driven investment
(LDI), equity, fixed income, and multi-asset solutions.
“Increasing workflow and pressure on trading desks is driving
investment managers to adopt greater automation across their
investment processes,” said Gavin Lavelle, Managing Director EMEA,
Charles River. “By consolidating onto a centralised, cloud-based
platform like Charles River IMS, firms have the flexibility to
simplify their business model, expand product offerings and support
growth.”
Ed Wicks, Head of Trading at Legal and General Investment
Management, said: “LGIM’s continued growth in local and
international markets highlighted the need for a scalable solution
to centralise order management processes across all asset classes.
Our partnership with Charles River will bring significant
efficiencies to our trading operations, allowing us to further
evolve our global model, to the benefit of our clients.”
About Charles River, a State Street Company
Investment firms, asset owners, wealth managers, hedge funds and
insurers in more than 30 countries rely on Charles River’s front
and middle office investment management platform to manage more
than US$30 Trillion in assets. Together with State Street’s
front-to-back services, Charles River’s software technology forms
the foundation of the State Street AlphaSM platform. The Charles
River Investment Management Solution (Charles River IMS) is
designed to automate and simplify the institutional 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 partner ecosystem enables clients to seamlessly access
external 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 975 employees in 11 regional offices.
(Statistics as of October 2019) 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 $32.90 trillion in assets
under custody and administration and $2.95 trillion* in assets
under management as of September 30, 2019, State Street operates
globally in more than 100 geographic markets and employs
approximately 40,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $44
billion as of September 30, 2019), for which State Street Global
Advisors Funds Distributors, LLC (SSGA FD) serves as marketing
agent; SSGA FD and State Street Global Advisors are
affiliated.State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
The whole or any part of this report may not be reproduced,
copied or transmitted, or any of its contents disclosed to third
parties without State Street’s express written consent.
Investing involves risk including the risk of loss of
principal.
The material presented herein is for informational purposes
only. The views expressed herein are subject to change based on
market and other conditions and factors. The opinions expressed
herein reflect general perspectives and information and are not
tailored to specific requirements, circumstances and / or
investment philosophies.
Expiration Date: ©2019 State Street Corporation - All Rights
Reserved State Street Corporation, One Lincoln St, Boston MA
02111
2774508.1.1.AM.RTL
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Media Contact: Helen Traverso, +44 (0) 7747 174620
helentraverso@crd.com
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