Northern Trust and Saphyre Enhance Onboarding for Investment Operations Outsourcing Clients
Retrieved on:
Tuesday, November 29, 2022
Northern Trust (Nasdaq: NTRS) and Saphyre have deployed into production automation of the account opening process for investment manager clients of Northern Trusts Investment Operations Outsourcing (IOO) business.
Key Points:
- Northern Trust (Nasdaq: NTRS) and Saphyre have deployed into production automation of the account opening process for investment manager clients of Northern Trusts Investment Operations Outsourcing (IOO) business.
- As enhancements are made over the next year, Northern Trust will schedule a planned rollout to all its Investment Operations clients.
- The Saphyre ecosystem enables best practices and standardized communications across market participants, providing the surest path to increased straight-through processing, reduced exceptions, and cost savings, said John Desmond, Head of Investment Operations Outsourcing, U.S. at Northern Trust.
- Northern Trusts Global Fund Services business provides services including fund administration, global custody, investment operations outsourcing and capital market revenue enhancement solutions to global investment managers supporting a range of complex investment strategies across the full spectrum of asset classes.