State Street to Acquire Front Office Systems Firm

Goal is global front-to-back platform for asset managers

On October 1, 2018, State Street closed on the acquisition of Charles River Systems, Inc., for $2.6 billion. State Street, the world’s largest custodian (US$33.9 trillion) and third largest asset manager (US$2.7 trillion AUM), plans to integrate the Charles River front office systems with the bank’s existing back-office technology.

Tuesday, October 2, 2018/Author: Ed Blount/Number of views (708)/Comments (0)/
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