Charles River Development, now owned by State Street, has announced that Legal and General Investment Management (LGIM), with over £1 trillion in assets under management, has selected the Charles River Investment Management Solution to streamline its 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,” says 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, adds, “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.”