Waters Rankings 2019: Best Portfolio Management System Provider: Charles River Development
Charles River Development, now part of State Street after its acquisition by the Boston-based financial services group, wins this year’s best portfolio management system provider category at the Waters Rankings.
The bulk of the company’s success has come on the back of its flagship offering, the Charles River Investment Management Suite, which will play a key role in bolstering State Street’s buy-side-focused outsourcing services.
John Plansky, CEO of Charles River Development, who joined State Street in January 2017 before being installed as Charles River’s CEO after its acquisition in the third quarter of 2018, is unequivocal about the firm’s commitment with respect to supporting the core Charles River platform going forward, and also its research and development (R&D) plans around the firm’s ancillary services.
“When State Street bought Charles River, we saw it as the centerpiece of our overall strategy, because we believed that our clients wanted to continue to invest in their technology agenda from the front to the back office, as well as in outsourced services and technology to firms like State Street,” Plansky explains. “A key aspect of that means that when we acquired Charles River, we also decided to invest heavily in it as a company. We’ve doubled the R&D budget around what clients were expecting from Charles River across the whole product set. So, in addition to the existing capabilities—the portfolio management workbench, the OMS and compliance and trading—clients also want us to continue to invest in multi-asset-class support.”
According to Plansky, Charles River is also actively investing in developing its software-as-a-service offering to be “very competitive” in the market, while clients are also increasingly looking for performance and risk support, a trend that has yielded a number of partnerships, the most high profile of which are those with Axioma and Northfield Information Services.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Technology innovator of the year (vendor)—Christy Bremner, SS&C Technologies
Christy Bremner, senior vice president, Institutional & Investment Management (I&IM) division at SS&C Technologies, wins technology innovator of the year (vendor) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: EDM professional of the year—Neslihan Yegul, S&P Global Market Intelligence
Neslihan Yegul, vice president, head of EDM and thinkFolio at S&P Global Market Intelligence, wins EDM professional of the year in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Waters Wavelength Podcast: Broadridge’s Joseph Lo on GPTs