Northern Trust announced that it has expanded its relationship with the NZ Super Fund to provide data services via its Data Warehouse Solutions offering.
Northern Trust has provided the NZ Super Fund with global custody and compliance monitoring services since 2007 and securities lending services from 2019. Northern Trust Asset Management has provided investment management services to the sovereign wealth fund since 2014.
To unify data from different sources without impacting day-to-day delivery, the NZ Super Fund was seeking a solution that could consolidate their data and enable them to scale as they transition away from legacy technology.
“Data management is a top priority for our clients, as it is for us,” said Leon Stavrou, head of Australia and New Zealand at Northern Trust, in a statement. “As the NZ Super Fund’s longstanding custodian, we’re uniquely positioned within their data ecosystem to provide a tailored solution. Our Data Warehouse Solutions can help them better consume, produce, and service their data needs, which is essential to generate the insights they need to continue to perform at a high level.”
Northern Trust’s Data Warehouse Solutions offers full-suite, end-to-end management of data from multiple sources to a client-specific data warehouse hosted by Northern Trust. It also has interface, customization, and data extraction features. Data Warehouse Solutions was designed to normalize an evolving universe of providers and applications into a highly automated, fit-for-purpose data service.
Craig Cullen, NZ Super Fund’shead of Data Technology, said in a statement: “While it is still early days in our program, Northern Trust’s Data Warehouse Solutions have quickly and seamlessly integrated with the technologies established in our modern data stack. The combined solution improves resilience and supportability of data integration, with simplified and standardised data structure. This has made it easier to understand and work with the source data while improving data outcomes.”