Northern Trust won an outsourcing contract from Julius Baer Investment Management (JBIM), the administrator announced on Monday.

Northern Trust will provide trade administration, portfolio accounting, reconciliation, cash management services and access to its reporting and performance measurement platform.

"Northern Trust will allow us to enhance our straight-through processing and provide robust reporting…to our clients…we are also looking to leverage efficiencies of technology, scale and service" said Tony Williams, head of Asset Management for JBIM.

Citisoft, a consulting firm, assisted JBIM with the search. 

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