Northern Trust has enabled clients to handle the third - party fund processing of their investment banking activities , primarily due to Clearstream 's non - stop shop Vestima solution for the processing of third party funds , as well as the clearing house 's commitment to the funds processing and its automation . Furthermore , with Northern Trust 's $ 6.1tn assets under custody and $ 960bn under management , the firm will in turn acquire Clearstream 's Vestima platform .
Northern Trust has chosen Clearstream to handle the third-party fund processing of their investment fund activities, primarily due to Clearstream's one-stop shop Vestima solution for the processing of third party funds, as well as the clearing house's commitment to the funds industry and its automation. Furthermore, with Northern Trust's $6.1tn assets under custody and $960bn under management, the firm will in turn boost Clearstream's Vestima platform.