Australia’s Retail Employees Superannuation Trust (REST), one of the country’s largest industry superannuation funds, has hired Charles River Development to consolidate its front and middle office operations for managing asset allocation, global equities, foreign exchange and futures.
Charles River Development is a unit of Boston-based State Street Corp. It specialises in providing asset owners and institutional investors with front and middle office investment management platforms.
“REST will use Charles River to support and deliver a transparent view and workflow across business, including portfolio construction, decision support, risk, collateral management, order management and compliance,” the company says in a statement on February 11.