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Northern Trust, Blackrock integrate middle-office operations
Alliance provides clients with data, communication solutions spanning investment lifecycle
3 Jun 2020 | The Asset

Northern Trust has entered into a strategic alliance with BlackRock to deliver enhanced operations, data, and servicing capabilities to mutual clients.

“The alliance connects Northern Trust’s fund accounting, fund administration, asset servicing, and middle-office capabilities to BlackRock’s platform, creating greater connectivity between asset manager and asset servicer,” says Pete Cherecwich, Northern Trust’s president of corporate & institutional services.

The relationship with BlackRock supports mutual clients and integrates Northern Trust’s global asset servicing platform with its partners, facilitating client access to new technologies, services and solutions.

“The current climate has once again demonstrated the importance of data symmetry and streamlining communication across the investment lifecycle from the asset manager to the asset servicer,” says Rob Goldstein, BlackRock's chief operating officer and head of BlackRock Solutions.

The alliance with BlackRock builds on a series of Northern Trust partnerships and strategic investments to provide solutions that span the investment lifecycle, including outsourced trade execution for asset managers and owners, and a digital and service platform for global asset allocators, currency management and FX algorithmic trading, integration with industry trading platforms, and collateral optimization, risk analytics and digital innovation for asset servicing.

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