Northern Trust Front Office Solutions to Expand Outside U.S.

Northern Trust will extend Front Office Solutions outside North America as growth has exceeded expectations this year and the business completed an acquisition of Parilux Investment Technology. Front Office Solution provides technology to in-house investment teams for large endowments, foundations, sovereign wealth funds, pensions, insurance and multi-family offices. These in-house investment teams traditionally had to use separate systems for each asset class. Northern Trust has finalized its acquisition of Parilux Investment Technology, completing an investment that began in 2018.