Northern Trust (NasdaqGS:NTRS) has expanded its collateralized loan obligation (CLO) middle office services on its Omnium platform, introducing new compliance indenture monitoring and waterfall calculation tools. This move aims to provide a more comprehensive framework for CLO participants, addressing operational challenges and positioning Northern Trust deeper into higher complexity outsourcing. The expansion could improve client stickiness and cross-selling opportunities, aligning with the company’s strategy for higher-value servicing capabilities and supporting its long-term margin resilience, though it also entails ongoing technology investment risks.
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Northern Trust Deepens CLO Services To Support Higher Value Outsourcing
Northern Trust (NasdaqGS:NTRS) has expanded its collateralized loan obligation (CLO) middle office services on its Omnium platform, introducing new compliance indenture monitoring and waterfall calculation tools. This move aims to provide a more comprehensive framework for CLO participants, addressing operational challenges and positioning Northern Trust deeper into higher complexity outsourcing. The expansion could improve client stickiness and cross-selling opportunities, aligning with the company’s strategy for higher-value servicing capabilities and supporting its long-term margin resilience, though it also entails ongoing technology investment risks.