Thailand’s Krungsri Asset Management Company ( Krungsri Asset ) has transitioned its front office operations to the cloud-based platform of Charles River Development, a State Street company.

Krungsri Asset uses the Charles River Investment Management Solution ( Charles River IMS ) for their mutual, private, provident and property funds supporting equity, fixed income and derivative asset classes.

“Transitioning to cloud delivery and services in Charles River IMS has enabled us to modernize our operating model and deliver the most up-to-date capabilities to our portfolio management, trading and compliance teams,” says Prasert Impornrugee, chief technology officer, Krungsri Asset. “The solution supports our investment operations and frees up internal resources to focus on our business priorities all while managing costs with predictable technology and support spend.”

Martin Hofmeyr, director of Asia-Pacific operations for Charles River Development, adds: “Our platform helps firms like Krungsri Asset achieve their goals by better controlling costs and leveraging the latest capabilities our platform provides at the scale they need.”