Charles River Compliance Solution selected for NAB Asset Servicing clients
November 10 2020 - 05:00PM
Business Wire
Charles River Development, a State Street Company, today
announced that National Australia Bank (NAB) Asset Servicing has
selected the Charles River Investment Management Solution (Charles
River IMS) to provide clients with advanced compliance monitoring,
oversight and reporting.
Charles River IMS will enable the Asset Servicing team to help
institutional clients monitor a broad range of investment mandates
and better meet regulatory requirements. The solution also enables
greater transparency to support comprehensive compliance reporting
and analysis for clients.
Charles River’s breadth of functional capabilities, strong
regional presence and Software as a Service (SaaS) solution helps
ensure regular updates, scalability to support business growth and
streamlined workflows.
“Accelerating digital innovation for the benefit of clients is
core to NAB’s strategy. We are delighted to collaborate with
Charles River to provide simpler and faster data insights straight
to our clients,” said John Comito, Executive – Asset Servicing
(NAB).
“Charles River continues to make significant investments in our
front and middle office technology and our SaaS delivery model,
giving clients faster access to the latest innovations and
capabilities,” said Cameron Field, managing director - Asia
Pacific.
“The Asia Pacific region is a critical hub in global SaaS
support, with the client engagement team that services NAB based in
Melbourne. Our strong local presence is a key factor helping us
support our clients’ operating models and organizational
resiliency.”
About NAB Asset Servicing Asset Servicing, part of NAB’s
Corporate & Institutional business, is one of the largest
custodians in the Australian market. It is a leading provider of
custody, master custody, investment administration and other
related services to a range of locally and internationally
domiciled clients. These include government agencies, investment
managers, superannuation funds, insurance companies and banks. NAB
has provided domestic custody services since 1950 and global
custody and investment administration services since 1975.
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$29
Trillion in assets. Together with State Street’s middle and back
office capabilities, Charles River’s cloud-deployed software
technology forms the foundation of State Street Alpha℠. 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 1,000 employees in 11 regional offices.
(Statistics as of April 2020) 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
$33.52 trillion in assets under custody and/or administration and
$3.05 trillion* in assets under management as of June 30, 2020,
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 June 30, 2020 includes
approximately $67 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
State Street Corporation, One Lincoln St, Boston MA 02111
3318442.1.1.GBL.
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version on businesswire.com: https://www.businesswire.com/news/home/20201110006174/en/
Kellie Smith kelliesmith@crd.com +61 3 8628 0100 ext: 1171
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