Northern Trust has agreed to take an equity stake in behavioural analytics and consulting firm Essentia Analytics.

Financial terms of the deal have not been revealed.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Essentia leverages historical data and behavioural science to identify and address biases that influence investment decision-making. The company offers daily analysis on more than $200bn in assets worldwide.

The strategic investment will support Northern Trust Whole Office strategy which focuses on providing client with access to latest technologies, services and solutions across the investment lifecycle.

Northern Trust’s asset manager and asset owner clients will be able to leverage Essentia’s capabilities.

Northern Trust Corporate & Institutional Services president Pete Cherecwich said: “We continue to pursue a strategy that combines Northern Trust’s global architecture with innovative partners like Essentia to help clients maximise the value of their data and optimise investment performance.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Through our Whole Office partnerships, Northern Trust clients across the globe can access advanced technology, skills and services designed to help them make repeatable and measurable decisions in the quest to deliver alpha.”

Essentia Analytics founder and CEO Clare Levy added: “We look forward to the opportunity to work with Northern Trust to bring enhanced productivity and investment performance to the front office of clients across the globe.”

Recent developments at Northern Trust

Recently, Northern Trust launched an artificial intelligence-powered solution to extract unstructured investment data from alternative asset documents.

In May, Northern Trust concluded its acquisition of Parilux Investment Technology, following its investments in the firm in 2018.