Charles River® Development, a State Street Company, today announced Federated Hermes, Inc., a global leader in active responsible investing, is now live with more than $97 billion in equity strategies on Charles River’s strategic cloud solution. Federated Hermes adopted the Charles River Investment Management Solution (IMS) on Microsoft Azure to modernize their operating model and support growth, utilizing the solution for portfolio management, trading, and compliance.

Charles River IMS on Azure delivers a future-ready SaaS platform that provides a foundation for transformation and growth. Federated Hermes now benefits from the solution’s open architecture, with access to the latest functionality, integrated data management, and streamlined operations.

“Modernizing our operating model and migrating to Charles River’s solution aligns with our strategy to more broadly embrace cloud-based technology solutions,” said Jack T. Smith, chief information officer at Federated Hermes, Inc. “The solution provides for scalability, allowing us to stay on the industry’s forefront and bring new products to market quickly.”

“The ground-to-cloud migration is a trend we are seeing with leading global investment firms such as Federated Hermes,” said Ruby Chiu, Head of Client Management, Americas, Charles River. “We focus on partnering with our clients to help them achieve their goals by leveraging the latest innovative and secure capabilities our platform offers. By providing a scalable solution that is interoperable with their preferred analytics, liquidity and data providers, our customers are able to concentrate on their business priorities.”

About Federated Hermes, Inc.

Federated Hermes, Inc. is a leading global investment manager with $634.1 billion in assets under management as of Sept. 30, 2021. Guided by our conviction that responsible investing is the best way to create wealth over the long term, our investment solutions span equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies. Providing world-class active investment management and engagement services to more than 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes’ nearly 2,000 employees include those in London, New York, Boston and offices worldwide. For more information, visit FederatedHermes.com.

About Charles River®, A State Street Company

Investment firms, asset owners, wealth managers, hedge funds and insurers in more than 30 countries rely on Charles River’s front and middle office investment management platform to manage more than US$35 Trillion in assets. Together with State Street’s middle and back office capabilities, Charles River’s cloud-deployed software technology forms the foundation of State Street Alpha^SM. The Charles River Investment Management Solution (Charles River IMS) is designed to automate and simplify the institutional investment process across asset classes, from portfolio management and risk analytics through trading and post-trade settlement, with integrated compliance and managed data throughout. Charles River’s growing partner ecosystem enables clients to seamlessly access external data and analytics, applications and liquidity venues that support the demands of their product and asset class mix. Headquartered in Burlington, Massachusetts, we serve clients globally with more than 1,000 employees in 11 regional offices. To learn more visit www.crd.com.

(Statistics as of Q3 2021)

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $43.3 trillion in assets under custody and/or administration and $3.9 trillion* in assets under management as of September 30, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of September 30, 2021 includes approximately $60 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

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