RBC I&TS is currently two years into a four-year programme of digitally transforming its back- and middle-office services globally.
NPS will also outsource, for the first time, its middle-office processes for all of its overseas investments to State Street.
CrossWise was launched earlier this year for asset managers to optimise their operating model by combining its front and back-office services.
Peter Sanchez, Northern Trust’s head of North America Alternative Investment Services, gives his view on how the custodian has dealt with being the independent verifier for Bridgewater Associates.
Middle-office outsourcing has been highlighted as one of the most preferred methods to cut costs at asset management firms
The alliance will also enable buy-side clients of Charles River to manage their entire trade life cycle using automated straight through processing (STP).
The investment will allow Libra to release new products and services which will support its fund administrator, trading operations and crypto exchange platform clients.