Thailand’s Government Pension Fund (GPF) has selected Charles River Development to modernise its front office operations and oversee domestic and international equity, fixed income and multi-asset portfolios.
By leveraging Charles River Investment Management Solution (Charles River IMS), GPF aims to provide an automated workflow with straight-through processing across its front and middle offices.
The automated workflow will be provided for portfolio construction, performance attribution, order management, and pre- and post-trade compliance.
Charles River IMS will deliver near real-time cash, positions, and available collateral as well as provide benchmark data to help optimise the efficiency of operations.
Established under the Government Pension Fund Act B.E. 2539 in 1996, GPF is said to be one among the country’s largest pension funds with around 1.2 million members.
It offers payment of gratuity and pension upon the completion of official services of government officials. Besides, the GPF manages about $34m in assets under management.
GPF secretary general Srikanya Yathip 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.”
Based in the US, Charles River is a State Street company that helps to automate and streamline the investment process across asset classes. This encompasses portfolio management, risk analytics, trading, and post-trade settlement.
State Street offers financial services including investment servicing, investment management, and investment research and trading to institutional investors.
Charles River Development APAC business development director Dennis Baillon said: “Charles River has a long history of working with pension funds and other asset owners across the APAC region, and we understand and support their unique business needs.
“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.”
