Northern Trust Drives Front-to-Back Office Integration for Asset Managers and Asset Owners
CHICAGO–(BUSINESS WIRE)–Northern Trust continues to drive the integration between its middle
office technology and market-leading order management systems (OMS),
achieving significant milestones in supporting the trading and middle
office needs of global asset managers and asset owners.
The successful integration between Northern Trust and key OMS providers,
including Bloomberg AIM, builds on advanced technology solutions the
company has implemented for hedge fund, asset manager and asset owner
clients. Through this integration and collaboration, Northern Trust
offers a seamless front, middle and back office technology experience
for institutional investors.
“Our technology integration with leading order management systems drives
operational efficiencies for our clients, minimizes implementation
costs, reduces operational risks and positively impacts their bottom
line,” said Pete Cherecwich, President of Corporate & Institutional
Services at Northern Trust. “Our approach to supporting the needs of
asset owners and asset aggregators is all about optionality,
flexibility, collaboration and ultimately driving performance.”
Northern Trust’s front-to-back-office integration with leading OMS
focuses on transaction capture, enhanced data synchronization and
reconciliation. Further collaboration will deliver advanced asset class
integration solutions for some of the most complex and emerging
securities. Clients will also benefit from an innovative service model
with experts from both Northern Trust and OMS providers supporting their
mutual clients’ tactical and strategic operational and technology needs.
“As a leading provider of interoperable front and middle office
solutions for the buy-side, Bloomberg is proud to work with Northern
Trust and others to provide our shared customers with access to the data
they need to make critical investment decisions,” said Palak Patel,
Global Head of Product for Bloomberg AIM.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of
wealth management, asset servicing, asset management and banking to
corporations, institutions, affluent families and individuals. Founded
in Chicago in 1889, Northern Trust has a global presence with offices in
20 U.S. states and Washington, D.C., and across 23 locations in Canada,
Europe, the Middle East and the Asia-Pacific region. As of December 31,
2018, Northern Trust had assets under custody/administration of US$10.1
trillion, and assets under management of US$1.1 trillion. For more than
125 years, Northern Trust has earned distinction as an industry leader
for exceptional service, financial expertise, integrity and innovation.
or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South LaSalle Street,
Chicago, Illinois 60603 U.S.A., incorporated with limited liability in
the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.