Press release
Northern Trust Grows Front Office Solutions Business in EMEA Market
Northern Trust Front Office Solutions builds momentum in EMEA amidst growing demand for more diversified portfolios LONDON--(BUSINESS WIRE)-- Northern Trust
About this update from Northern Trust Corporation
[{"type":"text","content":"\nNorthern Trust Front Office Solutions builds momentum in EMEA amidst growing demand for more diversified portfolios\n\n\n LONDON--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) is strategically expanding the global presence of its Front Office Solutions (FOS) business with the addition of new clients in the EMEA (Europe, Middle East and Africa) region. Globally, FOS has nearly $500B in assets under administration as of July 2023. The growth into EMEA capitalises on strong momentum achieved by FOS in serving the data and operations needs of sophisticated, multi-asset class institutional investors in the United States.\n\n\nAs large institutional asset owners evolve to support their operational processes with advanced technology, they increasingly seek platforms that can deliver a broad range of functionality across the entire investment lifecycle. FOS was developed to address the challenges of disparate data sources and manual processes for investment teams. The offering provides a full suite of portfolio analytics, investment analysis, performance measurement and research management tools to empower asset owners to view the bigger picture and break down artificial silos between their front, middle, and back-office functions.\n\n\n“After significant growth in the U.S. market, we see strong interest among asset owners in EMEA for our Front Office Solutions platform,” said John Turney, Global Head of Front Office Solutions at Northern Trust. “We have expanded Front Office Solutions to investors in the UK, the Netherlands, the Nordics, the United Arab Emirates and the Kingdom of Saudi Arabia, with plans for further expansion. We are able to leverage Northern Trust’s existing global footprint as well as the depth of our expertise supporting institutional investors to service the EMEA market.”\n\n\nFOS has recently been selected by three organisations in EMEA with approximately $75B in assets, ranging from an asset manager to a university endowment and a pension fund. The range of client types engaging with FOS indicates its versatility and ability to provide tailored solutions that meet the specific needs of investment teams.\n\n\n“We are thrilled to announce our recent success in securing new clients on a global scale,” said James Wright, Head of Asset Owners, EMEA at Northern Trust. “With this offering, we support our clients’ ...