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Thailand’s Government Pension Fund selects Charles River to oversee equity, fixed income, and multi-asset portfolios.

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

By utilizing Charles River IMS, the GPF aims to establish an automated workflow with straight-through processing across its front and middle office functions such as portfolio construction, performance attribution, order management, and pre- and post-trade compliance.

The platform will offer real-time information on cash, positions, and available collateral, while also providing benchmark data to enhance operational efficiency, according to the announcement.

Charles River IMS is trusted by investment, wealth, and alternative managers, asset owners, and insurers in more than 30 countries, managing around $58 trillion in assets. It forms the core of State Street Alpha, alongside State Street’s middle and back office services.

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

“As investment schemes evolve, with diverse assets and increasingly complex strategies, there is a growing need for a system that can support more efficient and effective investment decisions. Choosing Charles River IMS as a unified platform will enable greater automation, drive efficiency, and facilitate collaboration across teams, ultimately helping us expand our business and better serve our members.”

State Street, the parent company of Charles River Development, has been serving institutional investors in Thailand for over 25 years and has maintained a representative office in the country since 2014. Over time, the firm has expanded its offerings to include securities finance, performance, risk and ESG analytics, and public and private market front-office technology through Charles River.

Kevin Hardy, head of Southeast Asia at State Street, stated:

“We are delighted that GPF has entrusted State Street to manage their increasingly sophisticated investment portfolio. As the second largest economy in Southeast Asia, Thailand presents an exciting growth market for State Street.”

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

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