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Charles River® Appoints Nidhi Singh as Chief Product Officer
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Charles River Development, a State Street Company, has appointed Nidhi Singh as the new Chief Product Officer. This newly created role focuses on leading the technical product strategy and marketing, integrating with the State Street Alpha platform. Nidhi Singh brings over 20 years of experience from firms like Goldman Sachs and Broadridge. She aims to enhance the product roadmap, making it easier for clients to access data for better investment decisions. Charles River manages assets worth $36 trillion globally, supporting investment managers with sophisticated front-office technologies.
Positive
Nidhi Singh's extensive experience in product development may lead to innovative product strategies.
Creation of the Chief Product Officer role indicates a commitment to product leadership and development.
Negative
Concerns about continuity in leadership due to recent organizational changes.
BOSTON--(BUSINESS WIRE)--
Charles River Development (CRD), a State Street Company, has appointed Nidhi Singh as Chief Product Officer. In this newly created role, she will provide leadership to CRD’s technical product strategy and product marketing, including the identification, development and execution of the overall product roadmap and integration with the State Street AlphaSM platform strategy. State Street Alpha helps firms manage all investment products and business lines in one place. CRD, provider of the Charles River Investment Management Solution (Charles River IMS) and the front-office technology foundation for State Street Alpha, was acquired by State Street in 2018.
Prior to joining Charles River, Nidhi led global technology and operations at Broadridge and held key senior leadership roles at tier one banks and fintech firms including Goldman Sachs and Trading Technologies. She brings over two decades of product development experience in financial markets and has led several successful large-scale transformation initiatives. She co-authored Electronic Exchanges: The Global Transformation from Pits to Bits, chronicling the transformation of financial exchanges from floor to electronic trading.
“We are delighted to welcome Nidhi Singh to this new role as we further innovate and invest in Charles River’s product portfolio and development team,” said Spiros Giannaros, president and chief executive officer of Charles River. “Nidhi brings great expertise and energy to the expansion and execution of Charles River’s product strategy, as well as the transformation of our offering to cloud services.”
Nidhi Singh, chief product officer and global head of product and product marketing at Charles River, said: “I’m excited to be joining Charles River at this pivotal moment as we build out the next generation of State Street Alpha. Charles River’s front office technology, our rapidly growing ecosystem of third party providers, and the depth and breadth of State Street services all come together in a platform designed to make it easy for investment managers to access the data they need to collaborate with confidence and make better decisions. I look forward to working with our clients and stakeholders.”
Nidhi holds a BS in economics from Purdue University and a Masters in Financial Markets / Engineering from Illinois Institute of Technology.
About Charles River®, A State Street Company
Investment, wealth and alternative managers, asset owners and insurers in 30 countries rely on Charles River IMS to manage USD $36 Trillion in assets. Together with State Street’s middle and back office services, Charles River’s cloud-deployed front office technology forms the foundation of State Street Alpha℠. Charles River helps automate and simplify the 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 partner ecosystem enables clients to access the data, analytics, application and liquidity providers that support their product and asset class mix. We serve clients globally with more than 1,000 employees in 11 regional offices. (Statistics as of Q4 2021)
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 $43.7 trillion in assets under custody and/or administration and $4.1 trillion* in assets under management as of December 31, 2021, 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, 2021 includes approximately $61 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.
What role has Nidhi Singh been appointed to at Charles River Development?
Nidhi Singh has been appointed Chief Product Officer at Charles River Development.
What are the responsibilities of the new Chief Product Officer at Charles River?
The Chief Product Officer will lead the technical product strategy and product marketing, focusing on the product roadmap and integration with State Street Alpha.
What is the significance of Nidhi Singh's appointment for State Street Corporation?
Her appointment is significant as it may enhance the product strategy and innovation at State Street, impacting investment management services.
How much assets does Charles River manage?
Charles River manages USD $36 trillion in assets worldwide.
What expertise does Nidhi Singh bring to Charles River Development?
Nidhi brings over two decades of product development experience, having led initiatives at major fintech firms and banks.
