Enhancement adds compliance and waterfall support to existing loan closing, treasury, and real-time data services.
CHICAGO–(BUSINESS WIRE)–#CLO–Northern Trust (Nasdaq: NTRS) today announced an expansion of its existing collateralized loan obligation (CLO) middle office services for institutional clients, as investor interest in the CLO market continues to grow. The addition of compliance indenture monitoring and waterfall calculation capabilities to its Omnium® platform builds on Northern Trust’s established outsourced middle office functions for structured debt, which include loan closing, treasury and real-time data shares.
The new capabilities provide a unified operational and compliance framework that supports the full lifecycle of CLOs. The service introduces a rules-based framework for monitoring a wide array of CLO indenture tests, including concentration limits, credit rating thresholds, interest coverage, over-collateralization, and collateral quality requirements.
“Our clients are increasingly managing more CLO structures and need a provider who can deliver both scale and precision,” said Nadia Cobalovic, Northern Trust global head of Omnium Services and Total Portfolio Solutions. “This expansion reflects our commitment to helping clients navigate growing operational complexity. By automating compliance monitoring and waterfall oversight within the same infrastructure used for middle office operations—and delivering timely, actionable insights—we enable asset managers and CLO participants to operate at scale, streamline workflows, and mitigate risk more efficiently.”
“Northern Trust’s expanded service reflects its commitment to delivering scalable, technology-enabled solutions tailored to the evolving needs of credit managers,” said John Kushner, Global Head of Relationship Management for Northern Trust Hedge Fund Services. “By integrating these functions into the middle office workflow, clients can benefit from a single-provider model, helping to reduce operational burdens while maintaining transparency and control. The offering combines advanced technology, proactive monitoring, and expert support to deliver an end-to-end solution for CLO managers globally.”
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2025, Northern Trust had assets under custody/administration of US$18.7 trillion, and assets under management of US$1.8 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.
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