The ability to own the technology stack within a front-to-back service offering has made the tech vendor giant a key partner for hedge funds, according to SS&C Eze general manager Mike Hutner.
State Street continues to bolster its impressive list of clients that are using the Boston-based custodian for full front-to-back office services.
Northern Trust bolsters its front-to-back strategy with IHS Markit’s investment platform integration
Deal builds on the custodian’s Whole Office proposition which it launched in 2020 following a similar agreement with BlackRock.
Vontobel Asset Management will use State Street Alpha for front-office technology, investment operations and data services, and liquidity risk solutions.
Agreement will allow custodian’s asset servicing business to operate BlackRock Aladdin’s middle-office service on behalf of common strategic clients for a more integrated front-to-back model.
The alliances and the build-out of the OMNI platform has been a key component of BNY Mellon’s asset servicing strategy.
The mandate builds on the more than 80 emerging fund managers that have leveraged SS&C Eze technology and its fund administration services.