Press Release

State Street Company Charles River Development and Axioma Announce Partnership to Expand Portfolio and Risk Analytics in Charles River IMS

March 14, 2019

Boston — March 14, 2019 —State Street Corporation, (State Street), NYSE:STT today announced that Charles River Development, a State Street Company, and Axioma, the leading provider of enterprise risk management, portfolio management and regulatory reporting solutions, today announced a formalized strategic partnership. The partnership will integrate Axioma’s risk and portfolio analytics into the Charles River Investment Management Solution (Charles River IMS), a front and middle office platform used by more than 300 investment managers, asset owners and hedge funds globally. As a result, Charles River clients will benefit from access to Axioma’s full suite of factor models and portfolio optimization capabilities directly within the Charles River IMS.

In combination with Charles River’s portfolio management, risk and attribution capabilities, Axioma’s factor models for equity, multi-asset and fixed income portfolios will enable firms to identify, measure and reduce risk in a single solution, with compliance rules and optimization tightly coupled. This interoperable benefit is a foundation of Charles River IMS, allowing investment managers to incorporate internal IP and externally sourced models, data and analytics to support the unique demands of their investment processes and asset mix.

“When State Street acquired Charles River in October 2018, the intent was to develop the industry’s first ever front-to-back investment management and servicing platform that could support the deep enterprise data aggregation and management, analytics and compliance needs of our clients,” said John Plansky, CEO, Charles River Development. “Today, our partnership with Axioma serves as a testament to the depth and scalability of State Street’s front-to-back platform offering. Our global clients will be able to seamlessly integrate and leverage their portfolio management and risk analytics needs all from a single, interoperable solution.”

“We are delighted to be partnering with Charles River,” said Sebastian Ceria, CEO of Axioma. “With margins shrinking and competition increasing for investment managers, the quest for competitive advantage has never been more acute. Axioma’s best-of-breed solutions and tools for risk management, portfolio construction and optimization, combined with the capabilities of Charles River IMS, provide the front and middle offices with a powerful and unified solution that enhances their pursuit of alpha.”

About Axioma

Axioma provides an integrated suite of investment management solutions to a global client base, including asset managers, hedge funds, insurance companies, pension funds, wealth managers and investment banks. Our award-winning services are comprised of multi-asset enterprise risk management, portfolio construction, performance attribution, regulatory reporting and custom index design. With over $10 trillion in assets under management, our clients rely on Axioma’s solutions for decision intelligence throughout the entire investment process. Enabled by Axioma’s market-leading technology from APIs to the cloud-native open environment of axiomaBlueTM and fully integrated content and analytics, our customers deploy Axioma’s solutions to create competitive advantage – from risk to returnTM. Learn more at and follow us on Twitter and LinkedIn.

About Charles River, a State Street Company

Charles River Development, a State Street Company, enables sound and efficient investing across all asset classes. Investment firms in more than 40 countries use Charles River IMS to manage more than US$25 Trillion in assets in the institutional investment, wealth management and hedge fund industries. Our Software as a Service-based solution (SaaS) is designed to automate and simplify investment management on a single platform – from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout. Headquartered in Burlington, Massachusetts, we support clients globally with more than 750 employees in 11 regional offices. For more information, please visit

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $31.62 trillion in assets under custody and administration and $2.51 trillion* in assets under management as of December 31, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at

* This figure is presented as of December 31, 2018 and includes approximately $32.44 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

Investing involves risk including the risk of loss of principal.

The material presented herein is for informational purposes only. The views expressed herein are subject to change based on market and other conditions and factors. The opinions expressed herein reflect general perspectives and information and are not tailored to specific requirements, circumstances and / or investment philosophies.

Expiration Date: March 31, 2020
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