Press release
Northern Trust Announces Alliance with Enfusion as Part of Whole Office Strategy
Northern Trust and Enfusion aim to simplify the operating infrastructure for mutual clients CHICAGO--(BUSINESS WIRE)-- As part of its continuing strategy to
About this update from Northern Trust Corporation
[{"type":"text","content":"\nNorthern Trust and Enfusion aim to simplify the operating infrastructure for mutual clients\n\n CHICAGO--(BUSINESS WIRE)--\nAs part of its continuing strategy to serve client needs across the entire investment lifecycle, Northern Trust (Nasdaq: NTRS) has established a relationship with Enfusion, Inc. (“Enfusion”) (NYSE: ENFN), a leading provider of cloud-native investment management software and services, to provide portfolio management, order and execution management system (OEMS), and analytics capabilities to mutual clients.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220510005141/en/\nThrough this collaboration, Enfusion and Northern Trust offer asset manager, hedge fund and internally managed asset owner clients a fully integrated, end-to-end solution that can streamline workflows while leveraging each company’s strengths.\n\nEnfusion’s innovative software-as-a-service (SaaS) platform, which has operated cloud-natively since inception in 2006, delivers portfolio management, trade execution, order management, and risk management functionality from a single platform, removing key operational and technical barriers that asset managers and hedge funds face. The software components work from a single, unified dataset, keeping investment and accounting books of record (IBOR and ABOR) in sync throughout the trading day, so the front, middle and back offices all have access to the same information.\n\n“Institutional investors are looking for holistic solutions that combine ease of use with best-of-breed optionality,” said Marc Mallett, Global Head of Whole Office Strategy at Northern Trust. “By integrating Northern Trust’s suite of services with the Enfusion platform, we can answer the growing demand for end-to-end, orchestrated ecosystems for the entire investment lifecycle.”\n\nThis alliance will enable mutually supported interfaces between the Enfusion platform and Northern Trust’s core asset servicing platforms, thus expediting implementations, improving data access, and, ultimately, increasing operational efficiency. Clients will also benefit from the expertise of dedicated service teams from both companies.\n\n“Platforms like Enfusion and service providers like Northern Trust play a critical role in our clients’ operational infrastructures,” said Thomas Kim, ...