Perpetual has appointed State Street’s service company Charles River to manage the front office operations for its Australian asset management business. 

Pendal, which was acquired by Perpetual, had been a long-term Charles River client in Australia, with a relationship since 2002 

The deal will see Perpetual utilise the Charles River Investment Management Solution to manage its domestic and global portfolios, order and execution, compliance, post trade processing and front office data. 

Perpetual completed the acquisition of Pendal Group in January 2023, bringing its total assets under management to $213.9 billion as of 31 December 2023.