A major coup for Charles River Development, which is owned by State Street, where Vanguard has consolidated management of its taxable money market funds on the cloud-based Charles River Investment Management Solution. Vanguard is already live on the platform, using Charles River IMS across the investment process, from pre-trade to post-trade and compliance.
Paul Malloy, head of municipals at Vanguard, said: “As one of the world’s leading global fund providers, Vanguard is continuously enhancing our investment management function to help clients grow their wealth. The move to Charles River IMS is an example of how Vanguard employs sophisticated investment systems to achieve efficiencies and improve investor outcomes.”