Charles River Appointed to Manage front-Office Operations for Perpetual

State Street’s Charles River is set to manage the front-office operations for Perpetual Group’s Australian asset management business. Specifically, Perpetual’s Australian asset management business is set to adopt Charles River’s investment management system (IMS) which will manage its domestic and global portfolios, order and execution, compliance, post-trade processing and front-office data. Last January, Perpetual grew its footstep in Australia through the acquisition Pendal Group – establishing itself as one of Australia’s largest multi-boutique asset managers, with A$213.9 billion AUM as of December 31, 2023.