Thailand’s Government Pension Fund picks Charles River IMS
30 August 2023 Thailand
Image: LALAKA/stock.adobe.com
Thailand’s Government Pension Fund (GPF) has chosen Charles River’s Investment Management Solution (IMS) to modernise its front-office operations.
IMS has also been selected to manage the fund’s domestic and international equity, fixed income and multi-asset portfolios.
GPF will benefit from an automated workflow with straight-through processing, facilitating portfolio construction, performance attribution, order management and pre- and post-trade compliance.
Additionally, the organisation will receive benchmark data and real-time cash, positions and available collateral. This will help to maximise operational efficiency, the company says.
State Street, Charles River’s parent company, has been active in Thailand’s institutional investment industry for more than 25 years, offering services including custody, securities finance and ESG analytics.
Srikanya Yathip, secretary general for GPF, says: “As the investment schemes change, where assets are diverse and investment strategies are increasingly complex, there is a growing need for a system that can support more efficient and effective investment decisions. [The Charles River IMS] will enable greater automation, drive efficiencies and support collaboration across teams, helping to grow our business and better serve our members.”
Dennis Baillon, director of business development for APAC at Charles River Development, comments: “Our platform helps firms like GPF consolidate their operating model with flexibility in how to combine our technology and services to support growth, whether that be through diversifying into new strategies, asset classes or geographies.”
IMS has also been selected to manage the fund’s domestic and international equity, fixed income and multi-asset portfolios.
GPF will benefit from an automated workflow with straight-through processing, facilitating portfolio construction, performance attribution, order management and pre- and post-trade compliance.
Additionally, the organisation will receive benchmark data and real-time cash, positions and available collateral. This will help to maximise operational efficiency, the company says.
State Street, Charles River’s parent company, has been active in Thailand’s institutional investment industry for more than 25 years, offering services including custody, securities finance and ESG analytics.
Srikanya Yathip, secretary general for GPF, says: “As the investment schemes change, where assets are diverse and investment strategies are increasingly complex, there is a growing need for a system that can support more efficient and effective investment decisions. [The Charles River IMS] will enable greater automation, drive efficiencies and support collaboration across teams, helping to grow our business and better serve our members.”
Dennis Baillon, director of business development for APAC at Charles River Development, comments: “Our platform helps firms like GPF consolidate their operating model with flexibility in how to combine our technology and services to support growth, whether that be through diversifying into new strategies, asset classes or geographies.”
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