Northern Trust reporting solution provides transparency for portfolio holdings
19 November 2012
News, Global, Europe, North America
By Asia Asset Management
Northern Trust has developed a reporting solution to provide a consolidated view of holdings for institutional investors and sovereign wealth funds that have accounts with multiple custodians, allowing clients to receive intra-day reporting that integrates all assets.
Northern Trust’s Integro solution provides an aggregated view of holdings and transactions from multiple sources. Applying consistent operational processes and business rules to portfolio information allows Northern Trust to deliver integrated information through a comprehensive set of risk and analytical tools. This capability supports clients with a need for consistent information in a multi-manager, multi-custodian, multi-asset class environment.
“As large institutional investors and government funds diversify assets across various dimensions in order to mitigate risks, leverage prime broker services or maintain legacy relationships after combining plans, these clients have an urgent need for a holistic view of their investment information,” says Paul d’Ouville, global head of product for corporate and institutional services at Northern Trust. “Our Integro solution addresses this challenge, making it easier for clients to access their aggregated investment portfolio data in support of their decision-making needs.”
Northern Trust takes in intra-day transaction information from investment managers and applies a variety of business rules to normalise the investment information related to classifications, pricing and valuation methodologies, creating the information clients need in today's fast-paced investment environment.
Specifically, Integro provides:
Aggregate account transactions and holdings across multiple custodians;
Normalised information aggregated across multiple investment managers, custodians, asset classes;
Value added services dependent upon consistent information, such as market risk analytics, performance measurement and post trade compliance solutions.
"Already having two clients live on this solution, we are responding to a challenging client need for consistent, timely and accurate information in a diversified service provider environment," says Jeff Potter, product manager in Northern Trust’s global product and strategy group. Integro serves clients in North America and Europe and will be made available globally over time.
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