Thailand’s government pension fund has selected State Street subsidiary Charles River Development to modernise its front office operations and manage its domestic and international equity, fixed income and multi-asset portfolios.
Thailand’s Government Pension Fund (GPF), which has more than 1.2 million members, has selected the Charles River Investment Management Solution (Charles River IMS) for its automated workflow straight-through processing across their front and middle office for portfolio construction, performance attribution, order management and pre- and post-trade compliance.
The platform will provide near real-time cash, positions and available collateral, and deliver benchmark data to help maximise operational efficiency.
Dennis Baillon, director of business development, APAC, Charles River Development, said: “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.”
Srikanya Yathip, secretary general, GPF, said: “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.
“Selecting the Charles River IMS as a unified platform to manage our investment process across asset classes will enable greater automation, drive efficiencies and support collaboration across teams, helping to grow our business and better serve our members.”
Thailand’s GPF, which has approximately US$34 million assets under management (AUM), was established under the Government Pension Fund Act of 1996 and provides government officials with the payment of gratuity and pension.
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