Press release
Northern Trust Selected by Aristotle for Middle Office Outsourcing Mandate
CHICAGO--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) announced today its appointment by Aristotle Capital Management, LLC (“Aristotle”) to provide middle
About this update from Northern Trust Corporation
[{"type":"text","content":" CHICAGO--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) announced today its appointment by Aristotle Capital Management, LLC (“Aristotle”) to provide middle office outsourcing services for institutional portfolios managed by its equity affiliates. The partnership, which has already been successfully implemented, covers portfolios representing approximately $40 billion in assets under management as of June 30, 2025.\n\n\nHeadquartered in Los Angeles, Aristotle is a majority employee-owned firm that employs a bottom-up, fundamental investment approach in the management of international, global, and U.S. equity portfolios.\n\n\nUnder the mandate, Northern Trust will provide Investment Operations Outsourcing (IOO) via its integrated middle office platform.\n\n\nRyan Burns, Head of Global Fund Services, Americas at Northern Trust, said: “The complexity of the middle office is increasing, and asset managers need advanced expertise and technology to expand their operations. We have risen to this challenge by consistently delivering a seamless IOO service experience, supporting diverse investment types and strategies with cutting-edge technology. We take a unique, client-centric approach, and we're excited to partner with Aristotle Capital.”\n\n\nKim St. Hilaire, Principal, Managing Director Operations & Trading, Aristotle said: “At Aristotle, our organizational structure and technology infrastructure support multiple affiliates, which demands a sophisticated middle office solution to work effectively across the organization. Northern Trust distinguished itself with its robust global operating model, unparalleled data accessibility, and flexible, sophisticated tools tailored to dynamic enterprise needs. Their commitment to client-centric service ensures that we can continue to deliver a high standard of excellence to our clients worldwide while advancing our strategic objectives.”\n\n\nNorthern Trust’s Global Fund Services provides a complete suite of Asset Servicing solutions including fund administration, global custody, investment operations outsourcing and data solutions – supporting a range of complex investment strategies across the full spectrum of asset classes.\n\n\nNorthern Trust’s IOO offering provides full middle-office and component solutions for a complex range of products, markets and asset types. As of June 30, 2025, ...