Rest Super Selects Charles River IMS to Streamline Front and Middle Office Operations
Charles River Development, a State Street company, has been selected by Retail Employees Superannuation Trust (Rest), one of Australia's largest super funds, to implement its cloud-based Charles River Investment Management Solution (IMS). This partnership aims to consolidate Rest's front and middle office operations, enhancing asset allocation management across various assets. The solution will automate processes to improve efficiency and transparency, supporting Rest's investment needs and long-term returns for its 1.8 million members.
- Charles River IMS adoption expected to enhance efficiency in managing Rest's $60 billion in assets.
- The platform supports real-time cash and position viewing, improving investment decision-making.
- Integration of internal and external investment management to focus on strong returns for members.
- None.
Charles River Development, a State Street company, today announced that Retail Employees Superannuation Trust (Rest), one of Australia’s largest industry superannuation funds with approximately 1.8 million members, has selected the cloud-based Charles River Investment Management Solution (Charles River IMS) to consolidate their front and middle office operations for managing asset allocation, global equities, fixed income, FX and futures.
Rest will implement Charles River IMS to support their internally managed investments as well as their ‘whole-of-fund’ requirements, leveraging the Charles River Investment Book of Record (IBOR) for real-time cash and positions. Rest will use Charles River to support and deliver a transparent view and workflow across their business, including portfolio construction, decision support, risk, collateral management, order management and compliance.
“The platform’s flexibility and scalability will enable us to automate processes and achieve efficiencies at this time as we build a global best practice internal investment capability. Combining internal and external investment management in one desktop system will allow us to focus real-time on achieving strong long-term returns for our members,” said Andrew Lill, Chief Investment Officer, Rest.
“Charles River continues to build a strong local presence in Melbourne which is critical to supporting our growing client base in the superannuation sector,” said Cameron Field, managing director – Asia Pacific, Charles River Development. “The adoption of Microsoft Azure as the cloud platform for our SaaS deployment delivers compelling benefits for this market such as the ability for clients to rapidly deploy new products and services, ease of increasing data and computing capacity, as well as a suitable approach for addressing data residency concerns.”
State Street currently provides Rest with custodial services as well as their data management solution State Street Alpha℠ Data Services.
About Rest Industry Super
Established in 1988, Rest Industry Super is one the largest superannuation funds by membership, with around 1.8 million members and around
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
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
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