Press Release
Krungsri Asset Management Adopts Charles River’s Strategic Cloud Solution
Melbourne — March 21, 2023 — 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 krungsriasset.com.
About Charles River, A State Street Company
Investment, wealth and alternative managers, asset owners and insurers in 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
5474056.1.1.GBL
Charles River Development – A State Street Company is a wholly owned business of State Street Corporation (incorporated in Massachusetts). This document and information herein (together, the “Content”) is subject to change without notice based on market and other conditions and may not reflect the views of State Street Corporation and its subsidiaries and affiliates (“State Street”). The Content is provided only for general informational, illustrative, and/or marketing purposes, or in connection with exploratory conversations; it does not take into account any client or prospects particular investment or other financial objectives or strategies, nor any client’s legal, regulatory, tax or accounting status, nor does it purport to be comprehensive or intended to replace the exercise of a client or prospects own careful independent review regarding any corresponding investment or other financial decision. The Content does not constitute investment research or legal, regulatory, investment, tax or accounting advice and is not an offer or solicitation to buy or sell securities or any other product, nor is it intended to constitute any binding contractual arrangement or commitment by State Street of any kind. The Content provided was prepared and obtained from sources believed to be reliable at the time of preparation, however it is provided “as-is” and State Street makes no guarantee, representation, or warranty of any kind including, without limitation, as to its accuracy, suitability, timeliness, merchantability, fitness for a particular purpose, non-infringement of third-party rights, or otherwise. State Street disclaims all liability, whether arising in contract, tort or otherwise, for any claims, losses, liabilities, damages (including direct, indirect, special or consequential), expenses or costs arising from or connected with the Content. The Content is not intended for retail clients or for distribution to, and may not be relied upon by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to applicable law or regulation. The Content provided may contain certain statements that could be deemed forward-looking statements; any such statements or forecasted information are not guarantees or reliable indicators for future performance and actual results or developments may differ materially from those depicted or projected. Past performance is no guarantee of future results. No permission is granted to reprint, sell, copy, distribute, or modify the Content in any form or by any means without the prior written consent of State Street. The offer or sale of any of these products and services in your jurisdiction is subject to the receipt by State Street of such internal and external approvals as it deems necessary in its sole discretion. Please contact your sales representative for further information. State Street may from time to time, as principal or agent, for its own account or for those of its clients, have positions in and/or actively trade in financial instruments or other products identical to or economically related to those discussed in this communication. State Street may have a commercial relationship with issuers of financial instruments or other products discussed in this communication
Want to Learn More? See a Demo? Get in touch.
We're ready to answer your questions. Contact Sales & Marketing by filling out this form.
Looking for Tech Support?
CLICK HERE.
Follow us on our social channels to stay up-to-date on all Charles River News and Events.
