Northern Trust has partnered BlackRock to deliver enhanced operations, data, and servicing capabilities to mutual clients.
The new capabilities, delivered through BlackRock’s investment management and operations platform, Aladdin, will provide clients with increased efficiency, interoperability and transparency across the back, middle and front office.
“Our Whole Office ecosystem delivers global asset owners and asset managers scale, efficiency, flexibility and optionality, ultimately enabling more informed investment decision making,” said Pete Cherecwich, president of corporate & institutional services at Northern Trust.
The tie-up will also see increased:
Outsourced trade execution for asset managers and owners, and a digital and service platform for global asset allocators
- Currency management and FX algorithmic trading
- Integration with industry trading platforms
- Collateral optimization, risk analytics and digital innovation for asset servicing
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