Charles River Announces New Appointment to Lead Wealth Hub Initiative
22 Juni 2020 - 03:00PM
Business Wire
Charles River Development, a State Street Company, today
announced that Steve Pike has been appointed Director of the
Charles River Wealth Hub, responsible for asset manager on-boarding
and service bureau relationships. In addition to overall
responsibility for the Wealth Hub, Pike will oversee strategic
direction and growth strategy, shaping the product roadmap to meet
the requirements of sponsor firms and asset managers serving wealth
clients.
The Charles River Wealth Hub connects managed account program
sponsors and 3rd party asset managers through an open architecture,
secure network environment built in the Microsoft® Azure strategic
cloud. The Wealth Hub supports models-only programs as well as
traditional discretionary traded separate accounts and unified
managed accounts programs.
“We are thrilled to have Steve join Charles River and lead our
Wealth Hub initiative,” said Randy Bullard, Global Head of Wealth
at Charles River. “Steve is a seasoned investment professional with
a strong track record of developing and launching innovative
programs and solutions for intermediary firms across the wealth
management landscape. Steve’s experience will be central to helping
us launch and grow our Wealth Hub platform.”
Prior to Charles River, Pike led High Net Worth client product
strategy for TD Ameritrade (TDA) Institutional. Pike also spent
over 20 years with Fidelity Institutional in a variety of Product
leadership roles where he delivered solutions targeted to a number
of different wealth market segments including independent RIA,
introducing broker/dealer and multi-family office.
“I am excited to join Charles River and bring the Wealth Hub
offering to market,” said Pike. “I look forward to engaging with
stakeholders and expanding our rapidly growing ecosystem of wealth
managers and sponsors’ programs to support Charles River’s wealth
strategy globally.”
About Charles River, A State Street Company
Investment firms, asset owners, wealth managers, hedge funds and
insurers in more than 30 countries rely on Charles River’s front
and middle office investment management platform to manage more
than US$29 Trillion in assets. Together with State Street’s middle
and back office capabilities, Charles River’s cloud-deployed
software technology forms the foundation of State Street AlphaSM.
The Charles River Investment Management Solution (Charles River
IMS) is designed to automate and simplify the institutional
investment process across asset classes, from portfolio management
and risk analytics through trading and post-trade settlement, with
integrated compliance and managed data throughout. Charles River’s
growing partner ecosystem enables clients to seamlessly access
external data and analytics, applications and liquidity venues that
support the unique demands of their product and asset class mix.
Headquartered in Burlington, Massachusetts, we serve clients
globally with more than 1,000 employees in 11 regional offices.
(Statistics as of as of April 2020)
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $31.86 trillion in assets
under custody and/or administration and $2.69 trillion* in assets
under management as of March 31, 2020, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of March 31, 2020 includes
approximately $50 billion of assets with respect to which State
Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as
marketing agent; SSGA FD and State Street Global Advisors are
affiliated.
State Street Corporation, One Lincoln St, Boston MA 02111
3129642.1.1.AM.RTL
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