Northern Trust automates custody data exchange with SimCorp
Mutual clients will benefit from a more standardised data transfer process.
Mutual clients will benefit from a more standardised data transfer process.
Through working together, Societe Generale Securities Services has built out its front-to-back solution CrossWise, a key part of the custodian’s offering to asset managers.
The new contract includes a global licence agreement for the next six years.
Initiative aims to provide mutual clients with seamless front-to-back experience as Citi joins growing list of custodians to partner with SimCorp.
Christian Kromann will become CEO at SimCorp from September after two years leading operations for the firm.
The integration aims to tackle costly fragmented investment and post-trade processes that contribute to operational risks such as high settlement trade fails.
The mandate will also enable Lifetri to continuously monitor its investments with an integrated view on all internally and externally managed portfolios.
Partnerships between custodians and third-party vendors have increased significantly in order to provide services for the full trade lifecycle. GC speaks to SimCorp’s Jochen Mueller about the key drivers behind these moves
ATP joins Dutch pension fund PGGM and German asset manager Ampega which have gone live on SimCorp’s securities finance reporting solution.
The partnership rounds off State Street's front-to-back offering to buy-side clients and marks its first for the EMEA region.