Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Oded Weiss, Temenos

28268

Temenos extends contract with Northern Trust

RELATED TOPICS​

Banking software company Temenos has extended its existing contract with Northern Trust by signing a new multi-year deal.

The Temenos Multifonds Global Investor platform will support a major migration of funds acquired through Northern Trust’s purchase of UBS Asset Management’s fund servicing units in Luxembourg. Through the acquisition, Northern Trust was established as a top 10 asset servicing provider in terms of assets under administration in Luxembourg.
 
Through the use of the platform, Temenos Multifonds Global Investor’s wide footprint of capability will enable Northern Trust to fold satellite functions into the core engine. This will offer operational benefits in areas like retrocessions processing, market integration with National Securities Clearing Corporation (NSCC) and regulatory reporting with the CRS/FACTA module.
 
Commenting on the new deal, Toby Glaysher, Head of Global Fund Services, International at Northern Trust, says: “At Northern Trust we are committed to evolving our services and solutions to best support our clients’ requirements. Investing in innovative, flexible and modern technologies and working with key partners such as Temenos is part of this strategy. Temenos’ capacity to deliver a modern and open platform through Application Programme Interfaces (APIs) reduces our time to market for new services enhancing client service. The Temenos Multifonds Global Investor platform will scale to support a significant increase in volumes and we look forward to our continued collaboration with Temenos Multifonds.”
 
Oded Weiss (pictured), Managing Director of Temenos Multifonds, says: “Third-party administrators are increasingly recognising both the need and urgency to digitally transform their businesses, to become more efficient, more competitive and increase scale. We are proud to be an important part of Northern Trust’s strategic transfer agency programme. To support them in their move away from legacy platforms to Temenos Global Investor to help them achieve their growth ambitions.”

Latest News

According to the latest ESG data from PwC Luxembourg finds that investment flows towards EU..
Solactive and private equity data provider CEPRES have established a new partnership for to introduce..
New research published today by the CFA Institute Research and Policy Centre analyses the many..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by