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Leading Investment Operations Migration to State Street Alpha: Unlocking Growth for a £1.2tn AUM Asset Manager

We unified 15 diverse investment desks into one seamless operation, revolutionizing how a £1.2tn AUM manager handles everything from ETFs to Private Credit.

The Challenge

A global asset management powerhouse faced a pivotal transformation moment: evolving beyond their legacy SaaS architecture to embrace State Street Alpha’s full potential. While their existing platform provided a stable foundation, the future demanded more—enhanced capabilities, optimised costs, seamless scalability, and a unified global operating model. The complexity was staggering, spanning multiple investment desks across diverse asset classes and strategies.

Our Approach

Positioned at the heart of this transformative journey, Liqueo took command of the entire Investments/Front Office implementation. Our strategic deployment covered an impressive spectrum of desks including Equity ETF, Liquidity (Money Market), GTT (Trading), US Fixed Income, US Multi-Asset, US Solutions (LDI), Global Fixed Income, Active Equities, Private Credit, FI ETF, Multi-Asset, Solutions (LDI), Transition Management, GTT (Trading) and Pooled Fund Management.

We orchestrated this complex transformation through strategic programme leadership, expert stakeholder engagement from desk-level to ExCo, and decisive communication channels with SteerCo and State Street/CRD.

The Results

  • Strategic Consolidation: We orchestrated a seamless migration from disparate systems (Bloomberg AIM, Safari, legacy CRD) to a unified CRD platform, including decommissioning of in-house applications and business-critical EUCs.
  • Programme Excellence: Our comprehensive oversight delivered masterful project management across Phase I implementation, day 2 initiatives, and Day in the Life (DITL) parallel period. We provided expert guidance on middle office operating model and NAV Oversight, while maintaining robust programme planning, RAID log management, and risk assessment.
  • Leadership Impact: We revolutionised programme delivery through strategic ownership of feature roadmap and migration run-book. Our team managed up to 40 specialists while providing expert stakeholder management at business sponsor and ExCo level, ensuring seamless coordination with downstream workstreams.

This transformation showcases Liqueo’s ability to tackle high-exposure, high-complexity challenges head-on. By positioning ourselves at critical intersections of the programme, we’ve successfully sheltered the Investments business while driving forward the most demanding aspects of the implementation—delivering pure-play Programme Management excellence that transforms complexity into clarity.