Key Private Bank Selects Charles River Wealth Management Solution

Charles River Development, a State Street Company (NYSE:STT), today announced that Key Private Bank, the wealth management division of KeyCorp (NYSE:KEY), selected the Charles River Wealth Management Solution to expand its investment product offering.
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Charles River Development, a State Street Company (STT) - Get Report, today announced that Key Private Bank, the wealth management division of KeyCorp (KEY) - Get Report, selected the Charles River Wealth Management Solution to expand its investment product offering. The fully managed solution provides Key Private Bank with portfolio management, trading, and compliance across its equities, options, and fixed income products. Key Private Bank also leverages Charles River's mobile solution for advisors, Charles River Anywhere.

"Adopting Charles River creates significant opportunities for Key Private Bank to scale our value-added investment solutions to our clients," said Joe Calabrese, National Head of Investment, Fiduciary and Banking Services at Key Private Bank. "This signals a new chapter in the evolution of our business, and we are excited that we can better serve our clients by trading in all security types while reducing risk and improving efficiency across our investment functions."

"For firms like Key Private Bank, centralizing portfolio management and trading operations sets the stage for transformational growth," said Randy Bullard, Global Head of Wealth, Charles River. "An enterprise, scalable platform that supports the needs of wealth managers is essential in today's competitive marketplace."

About Key Private Bank

Key Private Bank is a leading provider of wealth management solutions and advice for high-net worth and ultra-high-net worth clients, including wealth advisory, investment management, trust administration, customized credit, family office and private banking services. Key's wealth management platform combines the market insights of local advisors with a national team of wealth and investment strategists to deliver proactive and personalized advice and expertise to clients. Advisors also leverage partnerships with Key's business banking and capital markets teams to build wealth plans tailored to meet each client's specific need. Key Private Bank's wealth management platform is delivered across 15 of the United States. Key Private Bank has $40.8 billion in AUM and $43.0 billion in AUA at December 31, 2019.

About Charles River, a State Street Company

Investment firms, asset owners, wealth managers, hedge funds and insurers in over 30 countries rely on the Charles River Investment Management Solution (Charles River IMS) to manage US$28 Trillion. Together with State Street's middle and back office services, Charles River technology forms the foundation of the State Street Alpha℠ platform. Charles River IMS helps firms automate and simplify their 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 third-party provider ecosystem enables clients to seamlessly access the data and analytics, applications and liquidity venues that support the unique 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. For more information, please visit (Statistics as of January 2020)

About State Street Corporation

State Street Corporation (STT) - Get Report is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $34.36 trillion in assets under custody and administration and $3.12 trillion* in assets under management as of December 31, 2019, 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

*Assets under management as of December 31, 2019 includes approximately $45 billion of assets with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.

© 2020 State Street Corporation - All Rights Reserved


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