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T. Rowe Price Expands Use of Cloud-Based Charles River® IMSBOSTON, Apr. 11 /BusinessWire/ -- Charles River Development, a State Street Company, announced today that T. Rowe Price will transition to Charles River's cloud-based technology platform. T. Rowe Price will utilize the Charles River Investment Management Solution (IMS) for portfolio management, trading, and compliance and the State Street Alpha® Data Platform (ADP) for data management and services."We are excited to extend our existing relationship with Charles River. Charles River's cloud-based solution will allow us to accelerate access to their new product offerings, allowing T. Rowe Price to continue our primary focus on delivering for our clients," said Marc Wyatt, Head of Global Trading, T. Rowe Price. "As part of Charles River's Client Advisory Board, we provide strategic input and advice regarding the firm's direction on product and services. Based on our business strategy, making this transition to the cloud is a logical next step." "T. Rowe has been a long-time Charles River client as well as an active member of our Client Advisory Board, and we are delighted to deepen our collaborative partnership," said Matt Daly, Chief Revenue Officer, Charles River Development. "Our clients' strategic investment to align with Charles River IMS's cloud-based platform provides flexibility to simplify their business models while expanding product offerings, supporting future growth, and keeping pace with market volatility, margin compression, and industry consolidation."
About T. Rowe Price
About Charles River Development, A State Street Company
About State Street Corporation
Charles River Development - A State Street Company is a wholly owned business of State Street Corporation (incorporated in Massachusetts). 6482314.1.1.GBL View source version on businesswire.com: https://www.businesswire.com/news/home/20240411714426/en/
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