Northern Trust Manages Investment Risk, Provides Consulting To Custodial Clients


Northern Trust Corp.'s global custody unit has launched a risk management service called IRM, or Integrated Risk Management. Built upon proprietary software tools the Chicago bank supplies its clients along with shrink-wrapped modeling packages used by internal risk managers, the service is designed to help the bank's custodial customers monitor their portfolios' adherence to investment guidelines.

"What we're doing is getting through the data to a decision point, so clients will know right a