Thailand’s Government Pension Fund picks Charles River to manage equity, fixed income, multi-asset portfolios

Thailand’s Government Pension Fund (GPF), one of the country’s largest pension funds with over 1.2 million members, has chosen Charles River Investment Management Solution (Charles River IMS) to update its front office operations and manage its domestic and international equity, fixed income, and multi-asset portfolios.

The GPF will leverage Charles River IMS to enable an automated workflow with 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, as well as deliver benchmark data to maximize operational efficiency, per the announcement.

Charles River IMS is relied upon by investment, wealth, and alternative managers, asset owners, and insurers in over 30 countries to manage around $58 trillion in assets. Together with State Street’s middle and back office services, Charles River IMS forms the foundation of State Street Alpha.

Dr. Srikanya Yathip, Secretary General of GPF, said:

“As investment schemes change, where assets are diverse and investment strategies increasingly complex, there is a growing need for a system that can support more efficient and effective investment decisions. Selecting Charles River IMS as a unified platform will enable greater automation, drive efficiencies, and support collaboration across teams, helping to grow our business and better serve our members.”

State Street, the parent company of Charles River Development, has been servicing institutional investors in Thailand for over 25 years and has had a representative office since 2014.

Over time, the firm’s offerings have expanded to include securities finance, performance, risk and ESG analytics, along with its public and private market front-office technology through Charles River.

Kevin Hardy, head of Southeast Asia, State Street, said:

“We are pleased GPF has entrusted State Street to help manage their increasingly sophisticated portfolio of investments. As the second largest economy in Southeast Asia, Thailand is an exciting growth market for State Street.

GPF, established in 1996 under the Government Pension Fund Act B.E. 2539, provides government officials with gratuity and pension upon completion of their official services. The fund manages approximately $34 million assets under management for its 1.2 million members.

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