Company Research Report
Company Overview
- Name: Charles River Systems, Inc.
- Mission of the company: To provide cloud-based front office technology and integrated compliance management solutions for investment and wealth managers, asset owners, and insurers.
- Founded: No information is available
- Founders: No information is available
- Key People in the Company:
- Spiros Giannaros, CEO and President
- Jason Adams, Head of Platform Strategy & Platform Product Management
- Joshi Alaparthi, Managing Director, Alpha - India, State Street
- Vin Bhat, SVP, Head of Asia-Pacific
- André Bouchard, General Counsel and SVP, Global
- Tim Buchner, Head of Private Markets
- Randy Bullard, Global Director, Wealth Management
- Ruby Chiu, Head of Client Management
- Matt Daly, Chief Revenue Officer
- Dan Daum, Global Head of Sales
- Cem Er, Product Director, Wealth Management
- Dmitriy Ilyin, Managing Director, SaaS Ops & Support
- Kishore Kottapalli, SVP/Global Head of Cloud Strategy & Engineering, State Street Alpha
- Dean Landis, Head of the Americas & Global Head of Delivery
- Richard LeClair, Head of Professional Services, Americas and APAC
- Michael McCarter, Chief Architect
- Erica McGillicuddy, Vice President, Human Resources
- Chafic Menayrji, Head of Global IT
- Keith Masterson, Managing Director and Business Unit CFO
- Steven Milanowycz, Product Director, Front Office
- Vladimir Mitevski, Chief Technology Officer
- Rob O’Reilly, Managing Director, Business Risk Executive
- Caroline O’Shaughnessy, Managing Director, EMEA
- Stacey Pauze, Chief of Staff
- Chris Russo, Chief Operating Officer
- Manish Shah, Head of Engineering
- Jeff Shortis, Data Product Owner for State Street Alpha
- Nidhi Singh, Chief Product Officer
- Edda Son, Managing Director, Head of Middle Office
- Aman Thind, Global Chief Architect, State Street Alpha
- Headquartered: No information is available
- Number of employees: Over 27,000 professionals
- Revenue: No information is available
- What is the company known for: Charles River is known for its cloud-based front office technology, forming the foundation of State Street Alpha®, used to manage over USD $60 trillion in assets across more than 30 countries.
Products
- Charles River Investment Management Solution (Charles River IMS):
- High level description: A comprehensive platform that automates and simplifies front and middle office processes for buy-side firms.
- Key Features:
- End-to-end investment lifecycle support
- Real-time Investment Book of Record (IBOR)
- Cloud-based delivery via Microsoft® Azure
- Integrated compliance management
- Support for multiple asset classes
- Data management services for accuracy, consistency, and completeness
Recent Developments
- Recent Developments:
- October 18, 2023: Charles River announced the shift to T+1 settlement cycle in North America is seen as an opportunity to drive growth via process improvements.
- June 12, 2024: Charles River launched a two-way interface with Octaura to streamline syndicated loan trading workflows.
- May 6, 2024: Vinayak (Vin) Bhat was appointed as the Senior Vice President, Head of Asia-Pacific.
- April 11, 2024: T. Rowe Price expanded the use of Charles River’s cloud-based technology platform.
- March 25, 2024: Charles River selected by Perpetual to manage front office operations for its Australian asset management business.
- New Products Launched:
- No new products were specifically mentioned.
- New Features Added to Existing Products:
- Charles River announced enhancements for fixed income EMS capabilities and additional features in the 24R1 and 23R3 versions of Charles River IMS.
- New Partnerships:
- Charles River partnered with Snowflake for AI use cases.
- Collaboration with FundGuard for investment accounting.
Conclusion
Charles River Systems, Inc. (also known as Charles River Development) demonstrates a strong global presence and significant innovation within investment management technology. The company plays a critical role in managing substantial global assets with a focus on automation, risk management, and regulatory compliance. The recent developments and strategic appointments further cement its position as a leading provider of investment management solutions.
