Northern Trust has established a relationship with Enfusion, 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.
“Institutional investors are looking for holistic solutions that combine ease of use with best-of-breed optionality,” said Marc Mallett, Global Head of Whole Office Strategy at Northern Trust.
“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.”
Through this collaboration, Enfusion and Northern Trust can offer asset manager, hedge fund and internally managed asset owner clients a fully integrated, end-to-end solution that streamlines 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.
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.
“Platforms like Enfusion and service providers like Northern Trust play a critical role in our clients’ operational infrastructures,” said Thomas Kim, CEO at Enfusion.
“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 (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.
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.