Clients Live on Charles River’s Investment Management Solution Built on Microsoft® Azure
Charles River Development, part of State Street, announced that the first 10 clients have successfully adopted its cloud-based investment management solution, Charles River IMS, on Microsoft Azure. This milestone follows one year after the initial launch and signifies a shift towards innovation and enhanced operational capabilities. BMO Global Asset Management praised the platform for its scalability and ability to support high volumes of activity. The ongoing collaboration with Microsoft emphasizes a commitment to security and performance, with plans for approximately 40 additional customer deployments in the near future.
- Successful adoption of Charles River IMS by 10 clients indicates strong market interest.
- The cloud solution enhances operational capabilities and supports business transformation.
- Collaboration with Microsoft ensures high security and performance standards.
- Plans for 40 additional customer deployments suggest substantial future growth.
- None.
Charles River Development, a State Street Company, today announced that the first 10 clients to adopt its strategic cloud solution are now live. The Charles River Investment Management Solution (Charles River IMS) on Microsoft Azure helps set a new industry standard as a cloud-based offering that helps firms innovate, bring new products to market quickly, and mitigate operational and security risks.
BMO Global Asset Management, who recently implemented Charles River IMS on Azure in Canada, commented: “Charles River IMS on Azure provides our Canadian business with a solution that accommodates multi-asset products and scales for high volumes of activity.”
“Having 10 clients live just over one year after announcing our strategic cloud solution represents a significant milestone,” said Dean Landis, Global Head of Delivery, Charles River. “During that time, we built a platform architecture that would allow customers to both streamline their operations as well as enable business transformation. When events surrounding the COVID-19 pandemic unfolded, we were able to support our customers’ transition to remote operations while continuing to move forward with cloud migrations.”
“This is great news because it demonstrates how far we’ve come in one year and what we will continue to accomplish with approximately 40 customer deployments we have planned in the coming months,” said Dmitriy Ilyin, Managing Director of SaaS Operations, Charles River. “This year has emphasized the importance of cloud technology in business continuity, and we’ve built a resilient and performant platform that meets the stringent security standards required by our customers.”
“Charles River’s use of Microsoft Azure allows them to empower investment firms with innovative capabilities underpinned by a flexible, highly performant, and secure foundation,” said Corey Sanders, corporate vice president, Microsoft Corp. “Our collaboration with Charles River will continue to deliver an enhanced customer experience, to help their clients navigate changing markets and enable business growth and transformation.”
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
(Statistics as of February 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
*Assets under management as of December 31, 2020 includes approximately
©2021 State Street Corporation – All Rights Reserved
State Street Corporation, One Lincoln St, Boston MA 02111
Information Classification: General
3490522.1.1.GBL.
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