US financial services provider Northern Trust Corp has launched an online community and content hub designed for asset owners to collaborate on issues that “matter most to them”.
Called A-Suite, the hub can serve as a platform for asset owners to connect, benchmark and share best practices, the company says in a statement on June 7.
According to Melanie Pickett, Northern Trust’s head of asset owners, Americas, the company’s goal is to “empower the missions of asset owners” to optimise their returns so that “they are able to best serve their constituents and communities”.
“With A-Suite we aim to help further those missions to an even greater extent. The launch is very exciting but just the start. Working in partnership with our clients, we expect to quickly add a number of new features and capabilities in upcoming releases,” she says in the statement.
Angelo Calvitto, Northern Trust’s head of Asia Pacific, points out that asset owners around the world face many similar investment challenges.
“Providing a destination platform and content hub for this community demonstrates our desire to stay one step ahead in supporting their evolving needs,” he says.
Chicago-based Northern Trust had US$14.2 trillion of assets under custody/administration as of end-March.
