Wavelength Podcast Ep. 202: Northern Trust’s Pete Cherecwich, Part 2
Pete Cherecwich, president of asset servicing at Northern Trust, is back on the podcast to discuss outsourced trading.
Wei-Shen Wong, Asia Editor, and Anthony Malakian, Editor-in-Chief of WatersTechnology, record a weekly podcast touching on the biggest stories in financial technology.
To hear the full interview, listen in the player above, or you can click on the download button in the player above.
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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.
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.
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Contact Info:
As is the case with everything we do, we'd love to get some feedback from our listeners.
Wei-Shen Wong: + 852 3411 4758; wei-shen.wong@infopro-digital.com
Anthony Malakian: + 1 646 490 3973; anthony.malakian@infopro-digital.com
Past 10 episodes:
Episode 192: Security and BCP Challenges in a Pandemic
Episode 193: Refinitiv's John Walsh on Alt Data
Episode 194: ITRS Group’s Warren on Capacity Planning
Episode 195: The Challenges of Returning to the Office
Episode 196: Bloomberg’s Gerard Francis, Part 3
Episode 197: A Look at Innovation
Episode 198: DTCC's Peve on DLT
Episode 199: Working Through Covid-19
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