Charles River’s cloud-based investment solution now client-ready on Microsoft Azure

US-based financial services company Charles River Development has achieved platform and operational readiness on Microsoft Azure for its strategic cloud solution, Charles River Investment Management Solution (Charles River IMS). 

The offering utilises Microsoft’s scale and security capabilities to provide investment firms with a platform that enables innovation and helps clients mitigate risk. 

The company, which is owned by global investment services provider State Street Corporation, has begun migrating new and existing SaaS clients onto the new Azure infrastructure.

“In today’s environment of unprecedented market volatility, margin pressures, and increased competition, cloud-based solutions offer the resilience, scalability, and performance that investment firms need as a foundation for innovation and growth,” says Spiros Giannaros, president of Charles River. 

“Microsoft Azure will provide additional capabilities to service our customers and new opportunities to integrate in our customers’ cloud solutions. This is central to our strategy to provide global scale as an enterprise investment management solution provider.”

Kishore Kottapalli, global head of cloud strategy and engineering at Charles River, adds: “When we originally announced we would be using Microsoft Azure in 2019, we knew Charles River was setting a new industry standard for a cloud-based investment management solution that is both secure and highly performant.” 

“Microsoft’s investment in security and operational infrastructure enables our offering to meet the stringent security policies and standards that is expected by our clients and required by State Street as a GSIFI (Global Systemically Important Financial Institution).”

Charles River IMS serves as the front and middle office component of State Street Alpha, which provides investment managers, hedge funds, asset owners and insurers with a complete front to back solution for risk management, portfolio construction, trading, compliance, post-trade and back office services.