As part of its strategy to serve customer requirements across the investment lifecycle, Northern Trust (Nasdaq: NTRS) has established a relationship with Enfusion, Inc. (NYSE: ENFN), a provider of Cloud-native investment management software and services, “to provide portfolio management, order and execution management system (OEMS), and analytics capabilities to mutual clients.”
Via this collab, Enfusion and Northern Trust offer asset manager, hedge fund and internally managed asset owner clients “a fully integrated, end-to-end solution that can streamline workflows while leveraging each company’s strengths.”
Enfusion’s software-as-a-service (SaaS) platform, which has operated cloud-natively since inception in 2006, delivers portfolio management, trade execution, order management, and risk management functionality from a single platform, “removing key operational and technical barriers that asset managers and hedge funds face.”
The software components work from a single, unified dataset, keeping investment and accounting books of record (IBOR and ABOR) “in sync throughout the trading day, so the front, middle and back offices all have access to the same information.”
Marc Mallett, Global Head of Whole Office Strategy at Northern Trust, stated:
“Institutional investors are looking for holistic solutions that combine ease of use with best-of-breed optionality. By integrating Northern Trust’s suite of services with the Enfusion platform, we can answer the growing demand for end-to-end, orchestrated ecosystems for the entire investment lifecycle.”
This alliance will “enable mutually supported interfaces between the Enfusion platform and Northern Trust’s core asset servicing platforms, thus expediting implementations, improving data access, and, ultimately, increasing operational efficiency.”
Clients will also “benefit from the expertise of dedicated service teams from both companies.”
Thomas Kim, CEO at Enfusion, remarked:
“Platforms like Enfusion and service providers like Northern Trust play a critical role in our clients’ operational infrastructures. By building on each other’s strengths and creating a seamless workflow, our mutual clients will be able to more quickly and fully derive business benefits from both organizations.”
Building on the alliance, Enfusion has “co-developed a certified, mutually supported interface with Northern Trust partner Equity Data Science, Inc. (EDS), which is in use by several joint clients.”
EDS offers a cloud-based platform that “provides applications and decision-making tools to asset managers and hedge funds across the investment lifecycle, including idea generation, research management (RMS), portfolio construction, risk management and performance attribution.”
This collaboration “demonstrates the power of the Northern Trust Whole Office strategy to look across the spectrum of client challenges and join forces with market-leading companies that can provide cutting-edge solutions.”
Northern Trust Whole Office is “an advanced open architecture, multi-asset class strategy serving diverse market participants including asset managers, asset owners, investors and third-party administrators.”
By integrating proprietary architecture with innovative partners, Northern Trust Whole Office “facilitates client access to new technologies and capabilities across the spectrum of strategy and trading, operational, data and digital and analytics solutions.”