Northern Trust offers internal fund accounting, data tools to clients
Regulations and a mandate to enhance quality and transparency in a bid to improve the investor experience are pushing buy-side firms to have more oversight of their third-party providers.
Custodian bank Northern Trust is building tools to improve oversight and transparency in the services it provides to its buy-side clients.
The objective is to help asset managers meet their obligations to regulators and their end investors. Though these obligations have always existed, they haven’t necessarily been a priority in conversations with asset managers, says Caroline Higgins, Asia-Pacific head of global funds services at Northern Trust. The bank aims to change that.
“For example, in fund
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