About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

State Street Acquisition of Charles River Offers Clients Front-Office Data Management Solution

Subscribe to our newsletter

By Uri Inspector, Staff Reporter

State Street has completed its acquisition of financial data firm Charles River Systems for $2.6 billion. First announced in July 2018, the deal gives State Street’s clients access to Charles River’s front-office data aggregation and management platform. The bank has appointed John Plansky, formerly global head of State Street Global Exchange (SSGX), as CEO of Charles River.

State Street’s absorption of the data firm’s front-office solutions will complement its existing risk monitoring and fund administration platforms, and provide a global interoperable platform for the front, middle and back office. The bank says this front-to-back solution, complete with analytics, compliance tools and connectivity to other industry platforms and providers, will accelerate investment workflows and provide advanced data aggregation.

Jay Hooley, chairman and CEO at State Street, says: “The combination of State Street and Charles River will create an open platform that will standardise data and systems across multiple asset classes and the entire investment lifecycle. We are delighted to welcome the more than 700 talented employees who join State Street today and look forward to working with Charles River clients to support their current and future business needs.”

A Charles River ‘client advisory board’ has been established in conjunction with the acquisition and is aimed at providing ongoing strategic input into platform development, engaging with peers across the industry, and shaping new products and solutions.

A former PwC partner and co-lead of its Fit for Business initiative, Plansky has led State Street SSGX for the past 18 months. SSGX is a relatively young division established by the bank five years ago to consolidate research, analytics and derivatives clearing capabilities. As head of SSGX, Plansky has overseen the launch of a number of front-office solutions including Verus, investible indices and DataGX, State Street’s data warehousing solution.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The Role of Data Fabric and Data Mesh in Modern Trading Infrastructures

23 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes The demands on trading infrastructure are intensifying. Increasing data volumes, the necessity for real-time processing, and stringent regulatory requirements are exposing the limitations of legacy data architectures. In response, firms are re-evaluating their data strategies to improve agility, scalability, and governance....

BLOG

Nasdaq and AWS Launch Global Market Modernisation Blueprint

Nasdaq and Amazon Web Services (AWS) have unveiled a new suite of solutions aimed at supporting market operators in modernising their infrastructure while maintaining high standards of resilience, security and performance. The initiative builds on the firms’ ongoing partnership and Nasdaq’s own modernisation journey using AWS technologies. The resulting blueprint is designed to support capital...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...