Australian Ethical Investment has selected the Charles River Investment Management Solution to automate its front and middle office processes for its entire investment portfolio. Australian Ethical will use Charles River IMS for portfolio and risk management, trading, compliance, performance measurement and attribution, IBOR, and transaction management. It will also use the State Street Alpha Data…
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Challenger signs with State Street
Challenger Limited, the publicly listed Australian investment management firm, has appointed State Street to provide custody and, through State Street Alpha, back-, middle- and front office investment administration services, for a suite of listed and unlisted investment vehicles with AUD127bn (USD85bn) AuM. Challenger will be one of the largest investment managers in the region to…
Symbiotics appoints SGSS for front-to-back solution
Symbiotics Asset Management, the Swiss asset management firm, has chosen SGSS’s CrossWise platform for its middle office outsourcing solution, and Dimension, the front office portfolio management system of SGSS’s partner, SimCorp. CrossWise is an integrated and modular outsourcing solution including a front office solution, a dealing desk and middle to back office functions. Symbiotics is…
New Silk Road outsources trading
Northern Trust has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for New Silk Road Investment Pte Ltd., a Singapore-based investment manager. In addition to the new mandate for trading services, Northern Trust continues to provide global custody services for New Silk Road funds, which it has done since 2011.
CRD poaches APAC head from FactSet
Charles River Development, a State Street company, has appointed Vinayak Bhat as head of Asia Pacific, where he will be responsible for all business oversight within the region and collaboration with State Street Alpha, the front-to-back asset servicing platform. He joins Charles River from FactSet Research Systems where he was head of the Asia Pacific…
Ultimus partners with PennHaven
Ultimus Fund Solutions, a U.S.-based provider of middle office, fund administration, accounting, and investor solutions, has formed a partnership with PennHaven Brokerage Partners. The partnership enables Ultimus to offer asset managers outsourced trade execution and trading desk services through PennHaven, combined with Ultimus’ middle office services, including post-trade settlement, IBOR, performance and attribution reporting, and…
Jacobs rejoins State Street
Martin Jacobs has returned to State Street as client solutions lead for its State Street Alpha front-to-back solution. Jacobs previously spent nearly seven years at Citi, where he was most recently global product head of data strategy & architecture. He is based in London.
State Street completes CF acquisition
State Street has completed its acquisition of CF Global Trading, a UK-based firm specialising in outsourced trading on an agency basis for a variety of asset classes, including equities, listed derivatives and fixed income. Financial terms are not being disclosed. State Street currently provides outsourced trading to clients in the Americas, APAC and Middle East,…
Harbor expands with SS&C
Harbor Capital Advisors, the U.S.-based ETF manager with USD45bn AuM, has selected SS&C‘s front-to-back investment management platform for the recently launched Harbor Multi-Asset Explorer ETF. Harbor Capital already uses Eze OMS for trading and has upgraded to a front-to-back solution with the addition of SS&C Geneva for fund accounting and daily operational support for certain…
BMO GAM completes Alpha implementation
State Street has completed implementation of State Street Alpha, its front-to-back asset servicing platform for institutional investment and wealth managers, with BMO Global Asset Management. BMO GAM is a Canadian asset manager with a range of mutual funds, ETFs, alternative funds, and other investment products. BMO GAM began the implementation of State Street’s Alpha platform…