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Charles River Development, a State Street company, has established a strategic partnership with Advisor360°, a wealth management software company. The ability for mutual clients to leverage the capabilities of both firms aims to create an innovative and differentiated wealth management solution for the industry. John Plansky, head of State Street Alpha, said: “This partnership signals…

Charles River Development, a State Street company, has formed an alliance with Precisely, a data integrity specialist. Precisely’s data governance solution, Data360 Govern, will be incorporated into the State Street Alpha data platform to provide streamlined governance, lineage, and cataloguing capabilities.

SimCorp, a U.S.-based provider of SaaS investment management solutions, has signed a new partnership with COMGEST to support its strategy and offer an enhanced front-to back-office global platform, in partnership with TradingScreen. COMGEST, a France-based manager, will replace its existing front-to-back solution with SimCorp Dimension and Gain data management solutions, both cloud-hosted platforms.

KB Asset Management Singapore, the asset management arm of Korea’s KB Financial Group, has selected SS&C’s front-to-back-office solution for its operations. The solution leverages SS&C’s fund administration and middle-office services and Eze Investment Suite for order and portfolio management, compliance, and client reporting. The platform covers operations across KB Asset Management Singapore’s portfolio, including equities,…

SimCorp and Citi have formed an alliance through which Citi’s securities services business will integrate post-trade custody data with SimCorp to offer a front-to-back user experience for mutual clients. The collaboration brings together SimCorp’s technology and service solutions with Citi’s proprietary custody network to help clients with data consolidation and consumption, and enhance productivity. The…

Northern Trust has appointed Gary Paulin as head of Global Strategic Solutions for its asset servicing business. In this newly created position, Paulin, who is based in London, will lead the development and design of solutions that will enable clients to access and benefit from the full range of Northern Trust’s global capabilities. Paulin, who…

State Street has entered into an agreement with ANIMA SGR, the independent Italian asset manager with EUR198bn (USD232bn) AuM, to provide front office IT platform solutions and back-office administration services for certain ANIMA institutional and retail managed accounts (s.c. gestioni patrimoniali). Services provided by State Street in Italy cover approximately EUR24bn (USD28bn) AuM for retail…

State Street has agreed to acquire U.S.-based Mercatus, Inc., a front-and-middle-office solutions and data management provider for private market managers. The transaction is expected to be completed in September, subject to customary closing conditions. Financial terms are not being disclosed. State Street intends to offer a fully integrated platform for growing private market segments including…