LGIM Centralises Global Trading Onto Charles River IMS
Charles River Development, a State Street company, today announced that Legal and General Investment Management (LGIM), one of Europe’s largest institutional asset managers, managing over £1 trillion in assets, has selected the Charles River Investment Management Solution (Charles River IMS) to streamline their global trading operations.
Building on LGIM’s initial adoption of the cloud-based Charles River IMS for pre- and post- trade compliance, the addition of cross-asset order management capabilities will help consolidate investment processes for LGIM’s index, liability driven investment (LDI), equity, fixed income, and multi-asset solutions.
“Increasing workflow and pressure on trading desks is driving investment managers to adopt greater automation across their investment processes,” said Gavin Lavelle, Managing Director EMEA, Charles River. “By consolidating onto a centralised, cloud-based platform like Charles River IMS, firms have the flexibility to simplify their business model, expand product offerings and support growth.”
Ed Wicks, Head of Trading at Legal and General Investment Management, said: “LGIM’s continued growth in local and international markets highlighted the need for a scalable solution to centralise order management processes across all asset classes. Our partnership with Charles River will bring significant efficiencies to our trading operations, allowing us to further evolve our global model, to the benefit of our clients.”
Source: State Street
The majority of US ETF issuers are either developing or planning to develop transparent active ETFs.
BlackRock CEO says pandemic has turbocharged evolution in the operating environment for every company.
Total assets under management grew to more than $10 trillion in 2021.
The global alternative asset management firm listed on Nasdaq.
Regulator has proposed sustainability disclosures for fund managers and regulated asset owners.