Northern Trust has teamed up with Enfusion, a provider of cloud-native investment management software and services, to offer portfolio management, order and execution management system (OEMS), and analytics capabilities to mutual clients.

The collaboration aims to provide asset managers, hedge funds and internally managed asset owners with a fully integrated, end-to-end solution to streamline their workflows.

Enfusion’s innovative software-as-a-service (SaaS) solution, which has operated in the cloud since inception in 2006, delivers portfolio management, trade execution, order management, and risk management functionality from a single platform, removing key operational and technical barriers that asset managers and hedge funds face. The software components work from a single, unified dataset, keeping investment and accounting books of record (Ibor and Abor) in sync throughout the trading day, giving front, middle and back offices access to the same information.

“Institutional investors are looking for holistic solutions that combine ease of use with best-of-breed optionality,” says Marc Mallett, global head of whole office strategy at Northern Trust. “By integrating Northern Trust’s suite of services with the Enfusion platform, we can answer the growing demand for end-to-end, orchestrated ecosystems for the entire investment lifecycle.”

The alliance will enable mutually supported interfaces between the Enfusion platform and Northern Trust’s core asset servicing platforms.  Clients will also benefit from the expertise of dedicated service teams from both companies.

“Platforms like Enfusion and service providers like Northern Trust play a critical role in our clients’ operational infrastructures,” says Enfusion CEO Thomas Kim. “By building on each other’s strengths and creating a seamless workflow, our mutual clients will be able to more quickly and fully derive business benefits from both organizations.”