SunGard's Asset Arena Control Center will help Northern Trust benefit from further operational efficiency by converting complex work processes into electronic checklists and easy-to-read dashboards, enabling operational oversight and control of the firm’s fund accounting and investor accounting activities.
The move expands the range of SunGard solutions and platforms Northern Trust to now cover wealth management, asset management, private equity, capital markets, risk and analytics, and reconciliations systems.
“It has been crucial to us to ensure we have the right systems in place that will help enhance our portfolio processes," says Peter Cherecwich, head of global fund services within Northern Trust’s Corporate and Institutional Services business unit. "By working with SunGard, we will look to achieve a smoother end-of day NAV (Net Asset Value) creation process, reduce the potential for risk and meet regulatory requirements which will ultimately help us generate significant cost savings. SunGard has long been a consultative advisor to us, and we look forward to continuing our collaboration for future projects.”
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