BankingBusiness

Northern Trust: Completes Acquisition of Parilux Investment Technology

  • Northern Trust Corporation a leading provider of wealth management, asset servicing, asset management, and banking to corporations
  • Parilux to serve the demanding needs of investment professionals who tasked with selecting the best investment managers in the world
  • Announced that it finalized its acquisition of Parilux Investment Technology, LLC, completing its investment in the firm
  • This acquisition underscores Northern Trust’s commitment to its Front Office Solutions business
  • Front Office Solutions integrates Parilux’s software with a proprietary cloud-based web and mobile interface
  • The leading-edge technology, combined with Northern Trust’s global operations expertise and service
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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