Charles River® Development, a State Street company, announced that Thailand’s Government Pension Fund (GPF), one of Thailand’s largest pension funds with more than 1.2 million members, has selected the Charles River Investment Management Solution (Charles River IMS) to modernise their front office operations and manage their domestic and international equity, fixed income and multi-asset portfolios.
GPF will use Charles River IMS to deliver an automated workflow with straight-through processing across their front and middle office for portfolio construction, performance attribution, order management and pre- and post-trade compliance. The platform will provide near real-time cash, positions and available collateral, and deliver benchmark data to help maximise operational efficiency.
“As the investment schemes change, where assets are diverse and investment strategies are increasingly complex, there is a growing need for a system that can support more efficient and effective investment decisions,” said Dr. Srikanya Yathip, secretary general, GPF. “Selecting the Charles River IMS as a unified platform to manage our investment process across asset classes will enable greater automation, drive efficiencies and support collaboration across teams, helping to grow our business and better serve our members.”
“Charles River has a long history of working with pension funds and other asset owners across the APAC region, and we understand and support their unique business needs,” said Dennis Baillon, director of Business Development, APAC, Charles River Development. "Our platform helps firms like GPF consolidate their operating model with flexibility in how to combine our technology and services to support growth, whether that be through diversifying into new strategies, asset classes or geographies.”
State Street has been servicing institutional investors in Thailand for more than 25 years, establishing a representative office in 2014. Over time the firm’s offerings have grown from custody, investment management services and foreign exchange to include securities finance, performance, risk and ESG analytics alongside its public and private market front-office technology through Charles River.
“We are pleased GPF has entrusted State Street to help manage their increasingly sophisticated portfolio of investments,” Kevin Hardy, head of Southeast Asia, State Street. “As the second largest economy in Southeast Asia, Thailand is an exciting growth market for State Street, notably with our data-driven front-to-back asset servicing platform State Street Alpha®. We are committed to enhancing our capabilities and delivering service excellence to institutional investors in Thailand.”