Krungsri Asset Management Adopts Charles River’s Strategic Cloud Solution
21 Março 2023 - 12:00AM
Business Wire
Charles River® Development, a State Street company, announced
that Krungsri Asset Management Co Ltd. (Krungsri Asset), a leading
Thai asset management firm and long-term client, has transitioned
their front office operation to Charles River’s cloud-based
platform. Krungsri Asset uses the Charles River Investment
Management Solution (Charles River IMS) for their mutual, private,
provident, and property funds supporting equity, fixed income, and
derivative asset classes.
“Transitioning to cloud delivery and services in Charles River
IMS has enabled us to modernize our operating model and deliver the
most up-to-date capabilities to our portfolio management, trading
and compliance teams,” said Prasert Impornrugee, chief technology
officer, Krungsri Asset. “The solution supports our investment
operations and frees up internal resources to focus on our business
priorities all while managing costs with predictable technology and
support spend.”
“Charles River has a long history of partnering with clients in
Thailand and continues to support our growing client base across
the Asia Pacific region,” said Martin Hofmeyr, director of Asia
Pacific operations for Charles River Development. “Our platform
helps firms like Krungsri Asset achieve their goals by better
controlling costs and leveraging the latest capabilities our
platform provides at the scale they need.”
About Krungsri Asset Management Krungsri Asset Management
Co., Ltd. (Krungsri Asset) is a leading asset management company in
Thailand, offering a comprehensive range of products and services
including mutual funds, private funds, provident funds, property
funds and management of investment in future contracts. The Company
was founded in 1996 as Ayudhya Jardine Fleming Co., Ltd (AJF),
changing its corporate name to Krungsri Asset Management Co., Ltd
in 2011. With the support of Bank of Ayudhya, a parent bank who is
a member of MUFG (a global financial group), Krungsri Asset has
consistently grown with total assets under management (AUM) of
540,691 million Baht (as of 31 December 2022). Krungsri Asset
offers a wide array of funds made available through multiple
distribution channels to reach all client segments including Bank
of Ayudhya 600+ branch network, as well as selling agents under
various categories including banks, securities, mutual fund
brokerage securities, and Fintech companies. Krungsri Asset is
committed to the delivery of unrivalled products, outstanding
services, and stable returns to our clients. For more information,
please visit www.krungsriasset.com.
About Charles River, A State Street Company Investment,
wealth and alternative managers, asset owners and insurers in over
30 countries rely on Charles River IMS to manage USD ~$48 Trillion
in assets. Together with State Street’s middle and back office
services, Charles River’s cloud-deployed front office technology
forms the foundation of State Street Alpha℠. Charles River helps
automate and simplify the 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 partner ecosystem enables clients to
access the data, analytics, application and liquidity providers
that support their product and asset class mix. We serve clients
globally with more than 1,250 employees in 11 regional offices.
(Statistics as of Q4 2022)
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
$36.7 trillion in assets under custody and/or administration and
$3.5 trillion* in assets under management as of December 31, 2022.
State Street operates globally in more than 100 geographic markets
and employs approximately 42,000 worldwide. For more information,
visit State Street's website at www.statestreet.com.
*Assets under management as of December 31, 2022 includes
approximately $59 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.
© 2023 State Street Corporation - All Rights Reserved State
Street Corporation, One Lincoln St, Boston MA 02111
Information Classification: General
5474056.1.1.GBL
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