Northern Trust has this week reported that it has entered into a strategic alliance with investment manager BlackRock to deliver enhanced operations, data, and servicing capabilities to mutual clients. It says these new capabilities, delivered through Aladdin, BlackRock's investment management and operations platform, provide clients with increased efficiency, interoperability and transparency across the back, middle and front office.

Northern Trust says the relationship currently supports mutual clients and is an extension of Northern Trust Whole Office, an approach that integrates its global asset servicing platform with innovative partners, facilitating client access to new technologies, services and solutions.

"Our Whole Office ecosystem delivers global asset owners and asset managers scale, efficiency, flexibility and optionality, ultimately enabling more informed investment decision making," said Pete Cherecwich, President of Corporate & Institutional Services at Northern Trust.

"We have a long-standing relationship with BlackRock and…the alliance connects Northern Trust's fund accounting, fund administration, asset servicing, and middle office capabilities to BlackRock's Aladdin platform, creating greater connectivity between asset manager and asset servicer."

"The current climate has once again demonstrated the importance of data symmetry and streamlining communication across the investment lifecycle from the asset manager to the asset servicer," said Rob Goldstein, BlackRock's Chief Operating Officer and Head of BlackRock Solutions.

"BlackRock and Northern Trust are committed to providing increased transparency, accuracy and operating model flexibility for our mutual clients."

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Northern Trust has this week reported that it has entered into a strategic alliance with investment manager BlackRock to deliver enhanced operations, data, and servicing capabilities to mutual clients. It says these new capabilities, delivered through Aladdin, BlackRock's investment management and operations platform, provide clients with increased efficiency, interoperability and transparency across the back, middle and front office.

Northern Trust says the relationship currently supports mutual clients and is an extension of Northern Trust Whole Office, an approach that integrates its global asset servicing platform with innovative partners, facilitating client access to new technologies, services and solutions.

"Our Whole Office ecosystem delivers global asset owners and asset managers scale, efficiency, flexibility and optionality, ultimately enabling more informed investment decision making," said Pete Cherecwich, President of Corporate & Institutional Services at Northern Trust.

"We have a long-standing relationship with BlackRock and…the alliance connects Northern Trust's fund accounting, fund administration, asset servicing, and middle office capabilities to BlackRock's Aladdin platform, creating greater connectivity between asset manager and asset servicer."

"The current climate has once again demonstrated the importance of data symmetry and streamlining communication across the investment lifecycle from the asset manager to the asset servicer," said Rob Goldstein, BlackRock's Chief Operating Officer and Head of BlackRock Solutions.

"BlackRock and Northern Trust are committed to providing increased transparency, accuracy and operating model flexibility for our mutual clients."