Former head of Asia Pacific at FactSet Research Systems, Vin Bhat, has been appointed senior vice president and head of APAC at Charles River Development (CRD), a State Street company.
In his new role, Bhat will be responsible for collaboration with front-to-back asset serving platform, State Street Alpha, as well as overseeing all business in the region.
Speaking to his appointment, Bhat said: “I am delighted to be joining CRD at a time of exceptional demand and excited to work closely with our Charles River and State Street Alpha clients, continuing our open partnership model that has been at the core of our success.
“I look forward to working with my new colleagues to build on growth and expansion in the region.”
Prior to joining CRD, Bhat worked in various senior positions over 25 years, focused on sales, consulting, and engineering. Before joining FactSet, he spent a decade at Tata Consultancy Services.
Spiros Giannaros, chief executive and president of CRD highlighted that Bhat’s primary location in Singapore will allow him to work closely with the broader State Street organisation, specifically on go-to market initiatives and client servicing.
He also added: “In addition to his responsibilities for Charles River APAC, Vin will have client and commercial oversight of the Middle East and take on committee chair for a newly formed alpha APAC executive committee.”
State Street confirmed plans to acquire buy-side front office services provider Charles River Development in a landmark $2.6 billion deal back in July 2018.
CRD’s flagship Investment Management Solution (IMS) automates front and middle office processes for buy-side firms in more than 40 countries, including 50 of the top 100 asset managers that in aggregate have more than $25 trillion in assets under management.