Northern Trust has expanded its capabilities to support structured, rules-based workflows across the entire account lifecycle for investment operations outsourcing (IOO) clients. The enhanced offering builds on Northern Trust’s collaboration with Saphyre, a fintech company that facilitates account transitions to help clients more efficiently manage their complex middle-office operational events. The solution allows Northern Trust’s…
Category: Outsourcing
AGI appoints BNY for optimisation
BNY has been selected to support an operating model optimisation at Allianz Global Investors. BNY will provide an integrated investment operating model, with a focus on middle and back-office solutions, as well as custody, depositary, transfer agency and fund administration across Germany, Luxembourg and the UK.
Jupiter consolidates with BNY
BNY has signed a multi-year agreement with Jupiter Fund Management, a UK-based active asset manager, to provide operational services. Jupiter has consolidated back-office services for its offshore jurisdictions with BNY as well as outsourcing its middle office operations. BNY will now provide custody, fund administration, transfer agency and depositary services, as well as middle office,…
Apex lifts out in Australia
Apex has reached a lift-out agreement to onboard Mercer’s superannuation administration operations in Australia.
Northern Trust wins Osmosis mandate
Northern Trust has been appointed by Osmosis Investment Management NL B.V. to provide middle office support including investment operations outsourcing, collateral management and currency management. Osmosis NL is an affiliate of UK-based Osmosis Investment Management UK Limited.
Intesa expands with State Street
State Street has expanded its relationship with Intesa Sanpaolo, the Italian bank. As part of this expanded relationship, State Street will integrate an IT business unit and outsource custody back-office operations of the Italian bank.
Axcelus outsources to SS&C
Axcelus Financial, a provider of life insurance and annuities, has selected SS&C to modernise its IT stack and transform its operations. Additionally, Axcelus is transitioning IT infrastructure and client support for its operations in the U.S. and Bermuda to SS&C Global Investor & Distribution Solutions. As a result, some Axcelus staff will transfer to SS&C.…
NTRS wins major MO mandate
Northern Trust has been appointed by Aristotle Capital Management, LLC to provide middle office outsourcing services for institutional portfolios managed by its equity affiliates. The partnership, which has already been implemented, covers portfolios representing approximately $40bn AuM. Under the mandate, Northern Trust will provide investment operations outsourcing via its middle office platform. Headquartered in Los…
Liontrust outsources trading
Liontrust, the UK-based active asset manager with GBP21.6bn AuM (USD29bn), has expanded its relationship with BNY with the outsourcing of its trading for investment funds and institutional accounts to BNY’s buy-side trading solutions group. Liontrust’s UK-based traders have joined BNY.
Fundhost partners with SS&C
Fundhost Limited, a fund services provider to investment managers in Australia, has selected SS&C to support its fund services operations. Fundhost provides responsible entity, trustee, fund administration, registry, compliance, operations and support services to Australian and international fund managers. Under the agreement, Fundhost will use SS&C’s proprietary platform to streamline its unit registry and fund…