Data

Hong-Kong headquartered insurance giant will implement BlackRock’s Aladdin alongside BNY’s investment operations and data management solutions.  

Expanding an existing partnership, Northern Trust has delivered the NZ Super Fund global custody and compliance monitoring services since 2007, expanding to include securities lending services in 2019.  

The launch of ‘Containerized Data’ represents another upgrade to JP Morgan’s Fusion platform as it looks to provide consistent data across services for custody, fund accounting and middle-office clients.

Report reveals a pivot away from a focus on cost control to more of an emphasis on enhancing quality and accuracy.  

Backed by BBH’s data integration and connectivity engine, the service focuses on curating fund holdings data. This data serves multiple purposes, including incorporation into various fund output applications, such as regulated fund disclosures. 

Under this partnership, Clearstream will have access to all transaction data through a single window, integrating data from various sources including legacy systems. 

The suite of new services will include data quality management, advanced data modelling, rules-based exception processing, multi-provider aggregation and mapping, improved oversight and control, and advanced data analytics.  

Results reveal that organisational restructuring that took place in 2023 cost the bank approximately $780 million.