Press Release

Charles River® Development Named Winner in ‘Portfolio Management’ at the WealthTechAsia Awards 2021

Boston — October 8, 2021 —Charles River Development, a State Street Company has been named the winner in the ‘Portfolio Management’ category at this year’s WealthTechAsia Awards. These awards are designed to recognize wealth organizations grouped by specialty and geography which the judges deemed to have demonstrated innovation and excellence during the past year.

“The wealth management industry globally is undergoing significant change, and firms are increasingly turning to technology to help meet competitive and regulatory challenges,” said Cameron Field, Asia Pacific Managing Director, Charles River. “We are seeing more commonality between wealth and institutional requirements, and our solution provides the capabilities and flexibility to support both, so firms can achieve much higher productivity and significant cost savings by managing all of their products and business lines on a single platform.”

Charles River’s wealth management solution supports a broad range of investment products across the entire investment lifecycle.  From model management, asset allocation, and risk, through to trading, settlement and position keeping, Charles River helps firms increase efficiency and reduce cost and risk by consolidating disparate systems. Hosted in Microsoft® Azure, Charles River IMS supports on-demand scalability capable of meeting the requirements of the world’s largest wealth management firms and private banks.

Charles River has been the recipient of numerous industry accolades, including “Best Portfolio Management Solution” from WealthTech Asia Awards 2021, “Best Wealth Management Product” in the 2020 FinTech Breakthrough Awards, and the “Best Portfolio Management Solution” from WealthBriefing Swiss Awards 2020.

About Charles River, A State Street Company
Investment firms, asset owners, wealth managers, hedge funds and insurers in more than 30 countries rely on Charles River’s front and middle office investment management platform to manage more than USD $30 Trillion in assets. Together with State Street’s middle and back office capabilities, Charles River’s cloud-deployed software technology forms the foundation of State Street Alpha℠. The Charles River Investment Management Solution (Charles River IMS) is designed to automate and simplify the institutional investment process across asset classes, from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout. Charles River’s growing partner ecosystem enables clients to seamlessly access external data and analytics, applications and liquidity venues that support the unique demands of their product and asset class mix. Headquartered in Burlington, Massachusetts, we serve clients globally with more than 1,000 employees in 11 regional offices. For more information, please visit
(Statistics as of Q1 2021)

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 $42.6 trillion in assets under custody and/or administration and $3.9 trillion* in assets under management as of June 30, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street’s website at

*Assets under management as of June 30, 2021 includes approximately $64 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.

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