Episode 202: Northern Trust’s Pete Cherecwich, Part 2

This week, Pete Cherecwich, president of asset servicing at Northern Trust, joins the podcast to talk about how outsourcing has bled into the front-office, as well as how perception towards outsourcing has changed. The last time he joined the podcast, Pete spoke about the challenge firms face offering convenience while ensuring those services are secure. https://www.waterstechnology.com/data-management/4250291/wavelength-podcast-episode-160-peter-cherecwich-of-northern-trust 4:00 – Tony and Wei-Shen briefly discuss the interview with Pete. 9:30 – Pete joins the podcast and explains how firms see value in outsourcing technology. 14:00 – There can be positive and negative ripple effects from outsourcing non-core functions. 17:30 – Pete says outsourced trading uptake is driven by firms looking to strike a balance between costs and alpha generation. 20:30 – Covid-19 has changed the way people trade, and the concept of a physical trading floor. 29:00 – Pete talks about Northern Trust’s expansion plans. 34:00 – They wrap up talking about identifying the likelihood of blockchain adoption.