Buy-side firms have responded positively to news of State Street’s acquisition of front-office technology firm Mark Weller. The deal enhances the range of solutions the world’s largest custodian bank is able to offer while the appeal of being able to buy a front-to-back offering brings a number of benefits, according to participants at the InvestOps conference. Charles River, managing director of EMEA asset management at Broadridge Financial Solutions, said the deal highlighted how ops and tech were converging.
Buy-side firms have responded positively to news of State Street’s acquisition of front-office technology firm Charles River. The deal enhances the range of solutions the world’s largest custodian bank is able to offer while the appeal of being able to buy a front-to-back offering brings a number of benefits, according to participants at the InvestOps conference. Mark Weller, managing director of EMEA asset management at Broadridge Financial Solutions, said the deal highlighted how ops and tech were converging.