As part of its continuing strategy to provide integrated products, services and technology across the entire investment lifecycle, Northern Trust has entered into a strategic alliance with BlackRock to deliver enhanced operations, data, and servicing capabilities to mutual clients. These new capabilities, delivered through Aladdin®, BlackRock’s investment management and operations platform, provide clients with increased efficiency, interoperability and transparency across the back, middle and front office.
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Northern Trust Announces Alliance with BlackRock as part of Whole Office Strategy
The relationship with BlackRock currently supports mutual clients and is an extension of Northern Trust Whole Office™, an approach that integrates Northern Trust’s global asset servicing platform with innovative partners, facilitating client access to new technologies, services and solutions.
“Our Whole Office ecosystem delivers global asset owners and asset managers scale, efficiency, flexibility and optionality, ultimately enabling more informed investment decision making,” said Pete Cherecwich, President of Corporate & Institutional Services at Northern Trust. “We have a long-standing relationship with BlackRock and are excited to be working with them as part of our Whole Office strategy. The alliance connects Northern Trust’s fund accounting, fund administration, asset servicing, and middle office capabilities to BlackRock’s Aladdin platform, creating greater connectivity between asset manager and asset servicer.”
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