Northern Trust to Offer Integration with SimCorp as Part of its Whole Office Strategy

As part of its continuing Whole Office strategy to serve client needs across the entire investment lifecycle, Northern Trust has reached an agreement with SimCorp, a provider of Software as a Service (SaaS) investment management solutions, to enable integration for efficient data exchange for clients using the SimCorp Dimension platform. The two companies will automate custody data file exchange for Northern Trust clients via two different methods: direct integration of files which can be delivered to SimCorp, as well as integration with SimCorp’s recently launched cloud-based Asset Service Hub. By leveraging these direct integration models, mutual clients can benefit from a more standardized data transfer process and choose which methodology best supports their current needs and long-term goals. The interoperability enhances operating model resilience and incorporates new product features from both SimCorp and Northern Trust. Northern Trust Whole Office is an advanced open architecture, multi-asset class solution 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.