The $34 billion Government Pension Fund, Bangkok, one of Thailand's largest pension funds, chose Charles River Investment Management Solution to manage its front-office operations, according to a statement on Wednesday.
Charles River IMS, which is a part of financial services company State Street Corp., will provide a platform that automates workflows across front and middle office operations to help facilitate portfolio construction, performance attribution, order management and compliance.
The platform will also provide GPF with near real-time data on cash, positions, available collateral and benchmarks, and will be used to manage the pension fund's domestic and international equity, fixed income and multi-asset portfolios, the statement said.
"As the investment schemes change, where assets are diverse and investment strategies are increasingly complex, there is a growing need for a system that can support more efficient and effective investment decisions," said Srikanya Yathip, secretary general of GPF, in the statement.
"Selecting the Charles River IMS as a unified platform to manage our investment process across asset classes will enable greater automation, drive efficiencies and support collaboration across teams, helping to grow our business and better serve our members," she said.
GPF provides pension plans for Thai government officials and has about 1.2 million participants.
