Charles River Development, a State Street company, announced that Krungsri Asset Management Co Ltd. (Krungsri Asset), a leading Thai asset management firm and long-term client, has transitioned their front office operation to Charles River’s cloud-based platform. Krungsri Asset uses the Charles River Investment Management Solution (Charles River IMS) for their mutual, private, provident, and property funds supporting equity, fixed income, and derivative asset classes.
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“Transitioning to cloud delivery and services in Charles River IMS has enabled us to modernize our operating model and deliver the most up-to-date capabilities to our portfolio management, trading and compliance teams,” said Prasert Impornrugee, chief technology officer, Krungsri Asset. “The solution supports our investment operations and frees up internal resources to focus on our business priorities all while managing costs with predictable technology and support spend.”
“Charles River has a long history of partnering with clients in Thailand and continues to support our growing client base across the Asia Pacific region,” said Martin Hofmeyr, director of Asia Pacific operations for Charles River Development. “Our platform helps firms like Krungsri Asset achieve their goals by better controlling costs and leveraging the latest capabilities our platform provides at the scale they need.”
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