Charles River Development appoints President

Charles River Development has appointed Spiros Giannaros as president of Charles River Development (CRD) with responsibility for day-to-day operations of the company including product, development, sales and services for the Charles River Investment Management Solution (Charles River IMS).

Giannaros will report to John Plansky *pictured), who remains chief executive officer of Charles River and leader of State Street Global Exchange and State Street Alpha, the Company’s front-to-back investment servicing platform for global investment managers, hedge funds, asset owners and insurers. Charles River IMS provides many of the front- and middle-office capabilities of State Street Alpha.

“I’m very pleased that Spiros will be returning to Charles River Development and assuming the role of president,” says Plansky. “Since State Street announced its intention to acquire CRD in the summer of 2018 and deliver the industry’s first open front-to-back platform, we have built great momentum with clients who want an integrated and open solution. Spiros’ background with Charles River and his time with State Street uniquely position him to help us build on what’s already been achieved.”

Most recently, Spiros was executive vice president and head of Platform Strategies at State Street, where he reported to Lou Maiuri, chief operating officer. Prior to that, he served as the Global Head of Enterprise Data Management (EDM) and thinkFolio serving as a Partner at IHS Markit (formerly Markit). In this role, he was responsible for the firm’s data management, warehouse, reporting businesses, software managed services, and the thinkFolio business, an order management and portfolio modelling system. Before joining IHS Markit, Spiros spent 15 years at Charles River Development where he was a managing director for the Americas and responsible for sales, strategic account management and product marketing.

“I’m excited to be rejoining Charles River and working hand in hand with John on State Street Alpha,” says Giannaros. “I am looking forward to building on the momentum that’s already been created and to further enhancing our real-time data intelligence capabilities that will help our clients efficiently implement their investment strategies and stay profitable through increasing cost pressure, complexity and competition.”