Northern Trust Launches Enhanced Collateral Management Solution Delivered in Collaboration with CloudMargin
November 20 2024 - 7:00AM
Business Wire
Northern Trust (Nasdaq: NTRS) has launched an enhanced active
collateral solution designed to help institutional investors manage
their collateral more efficiently while meeting the demands of
continual market change.
The capability, delivered in collaboration with CloudMargin, a
leading global collateral management technology company, will
provide enhanced service capabilities, increased transparency on a
real-time basis and platform resiliency. This includes automated
asset selection based on flexible hierarchies, support of complex
eligibility rules, access to real-time data through client portals,
report write capabilities, and full end-to-end automation.
Nadia Ivanova, Head of Business Services, Northern Trust
Asset Servicing, said: “Our clients must be strategic and
nimble in managing their investment portfolios, including
collateral management, to optimize asset deployment and minimize
performance drag. Our advanced, digitized solutions can help
clients achieve this objective – minimizing the value of assets
that need to be tied up as collateral and managing counterparty
exposure effectively. This showcases our technology vision in
action, delivering the agility, resilience, automation, and
long-term value our clients require.”
CloudMargin is the world’s first cloud-native collateral
management workflow solution, combining market-leading process
automation with flexible, real-time analytics and controls. More
than 225 buy-side and sell-side institutions across the globe rely
on CloudMargin to increase control, transparency and resilience of
their operations through automated, end-to-end collateral
management processes. For more information, visit
www.cloudmargin.com.
Barney Binder, Head of Collateral Management, Northern Trust
Asset Servicing, said: “These advanced capabilities are part of
Northern Trust’s comprehensive range of collateral, derivatives and
liquidity management solutions. Clients can access these services
globally, either on a component basis – to complement their current
in-house practices – or as part of a broader suite of collateral
management solutions.”
CloudMargin CEO Stuart Connolly said: “CloudMargin’s
purpose-built collateral platform is continuously updated, enhanced
and maintained. Northern Trust clients will benefit from full
automation in their collateral workflow, and unprecedented levels
of transparency. We are incredibly honoured that Northern Trust
selected CloudMargin for this mission-critical service after a
comprehensive review of the marketplace and rigorous due diligence
process. The collaboration is another important milestone in our
continued growth trajectory in our 10th anniversary year.”
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has a global presence
with offices in 24 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of September 30, 2024, Northern Trust had assets under
custody/administration of US$17.4 trillion, and assets under
management of US$1.6 trillion. For more than 135 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit us on
northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust
or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/terms-and-conditions.
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version on businesswire.com: https://www.businesswire.com/news/home/20241120867036/en/
Europe, Middle East, Africa & Asia-Pacific: Camilla Greene
+44 (0) 20 7982 2176 Camilla_Greene@ntrs.com
Simon Ansell + 44 (0) 20 7982 1016 Simon_Ansell@ntrs.com
US & Canada: John O’Connell +1 312 444 2388
John_O'Connell@ntrs.com
http://www.northerntrust.com
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