Vinayak Bhat Appointed as Head of APAC for State Street’s Charles River Development

Vinayak Bhat has been announced as the new Senior Vice President (SVP), Head of Asia Pacific (APAC) at Charles River Development (CRD), a subsidiary of State Street. Bhat will oversee all business operations within the region and collaborate with State Street Alpha, the front-to-back asset servicing platform for institutional investors.

Vinayak Bhat takes the helm at CRD as the company experiences a period of exceptional demand, promising a continued open partnership model that has been integral to the company’s success.

CRD’s Significant Role in Asset Management

Acquired by State Street in 2018, Charles River Development provides the Charles River Investment Management Solution (Charles River IMS), a tool that assists investment and wealth managers, asset owners, and insurers in over 30 countries to manage US$59 Trillion in assets. Since the acquisition, CRD’s headcount has increased by more than 135%, highlighting the company’s rapid growth.

The cloud-based front office technology of Charles River forms the foundation of State Street Alpha, complemented by State Street’s middle and back office services. Charles River IMS simplifies and automates the