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IHS Markit’s thinkFolio and Northern Trust to deliver front-to-back operating efficiencies for the buy side
08 February 2021
We have formed a strategic alliance between thinkFolio,
our leading multi-asset class investment management platform, and
Northern
Trust to streamline investment operations for asset managers
and asset owners. The certified integration between thinkFolio and
Northern Trust's middle office outsourcing platform will provide
opportunities for both firms to offer mutual institutional clients
innovative solutions and services leveraging one another's
strengths across the investment value chain.
Bringing together thinkFolio with Northern Trust's middle office
technology, services and expertise will provide a fully-integrated,
end-to-end process that streamlines workflows and mitigates
clients' operational costs. The collaboration continues to build on
advanced technology solutions and interoperable architecture that
the respective companies have implemented for asset manager and
asset owner clients. Clients will benefit from an innovative
service model with experts from both Northern Trust and IHS Markit
supporting their tactical and strategic operational and technology
needs.
As part of the managed service delivery of thinkFolio, IHS
Markit manages upgrades and real-time feeds and executes overnight
data loads and start-of-day processes. Through this ongoing
collaboration with Northern Trust, thinkFolio clients leveraging
the IHS Markit managed service hosted on the Amazon Web Services
(AWS) cloud will benefit from a seamless technology and service
experience, which is focused on multi-asset class transaction
capture, enhanced position data synchronization and
reconciliation.
"We have a long-standing relationship with thinkFolio and are
excited to be working with them as we continue our drive to offer
clients flexibility, scalability and best-in-class solution
optionality across our Whole Office ecosystem," said Pete
Cherecwich, president of Corporate & Institutional Services at
Northern Trust. "Our collaboration and technology integration with
a number of leading front office platforms is key to driving
operational efficiencies for our clients, minimizing implementation
costs, reducing operational costs, increasing speed to market - and
ultimately positively impacts their bottom line, helping them to
optimize performance."
"The theme of front-to-back solutions continues to be prominent
as institutional investors are asking their middle and back office
counterparties for increased control, transparency and workflow
efficiency across the post-trade segments of the securities
transaction lifecycle," said Brett Schechterman, managing director
and global head of thinkFolio at IHS Markit. "We are advocates for
Northern Trust's Whole Office open architecture and interoperable
ethos and look forward to matching thinkFolio's cross-asset class
strength, flexibility and managed service with the strength of
Northern Trust's middle office solutions to deliver further
operational alpha for our clients."
Northern Trust Whole Office™ is an advanced open architecture,
multi-asset class solution serving diverse market participants
including asset managers, asset owners, investors and third party
administrators. By integrating proprietary architecture with
innovative partners, Northern Trust Whole Office facilitates client
access to new technologies and capabilities across the spectrum of
Strategy and Trading, Operational, Data and Digital and Analytics
solutions.
About thinkFolio
thinkFolio from IHS Markit is a leading multi-asset investment
management platform that delivers sophisticated capabilities across
portfolio modelling, order management and trading, cash and FX
management and compliance. The platform is delivered as a managed
service, supporting investment firms that want to reduce costs,
maximize flexibility, enhance scale and achieve time-to-market
objectives.
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 22 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of December 31, 2020, Northern Trust had assets under
custody/administration of US$14.5 trillion, and assets under
management of US$1.4 trillion. For more than 130 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Please
visit our website
or follow us on Twitter.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Please read our global
and regulatory information.