Custodians are aiming to evolve their outsourcing business model and leverage new technology to accommodate front-office solutions.
Tag: Front office
Asset managers are looking to train their teams across the front-, middle- and back-office in order to give them a full end-to-end picture of the investment process.
Northern Trust is six months in to the launch of its custody-agnostic front-office solutions business, led by a former client of the Chicago-based bank.
The front office solutions business went live in February this year to meet the growing investment, operational and technological needs of its larger asset owner clients.
As traditional fund administration services become commoditised it is no longer an accurate comparison factor between providers, according to new research.
The partnership is the latest in JP Morgan’s strategy to collaborate with FinTech firms and provide its clients middle and back-office data to front-office decision makers.
Earlier this year, BNY Mellon's Scharf proposed a move to an ‘open solution model’ where it will work with external providers and platforms.
BNY Mellon plans to deliver real-time trade data, asset prices and cash positions to the 40-50 clients it shares with BlackRock’s Aladdin.
The new services will help Pershing enhance its traditional clearing, custody and back-office services for its wealth management clients.
The launch of the outsourcing trading service for asset owners and asset managers made Northern Trust the first custodian to take on certain buy-side trading functions.