Northern Trust has chosen Vestima to handle the third-party fund processing of their investment fund activities, primarily due to Vestima's one-stop shop Clearstream 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 Vestima's Clearstream 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.