Enhancements Proactively Address New Expectations of Asset Owners
May 24, 2018– LONDON–(BUSINESS WIRE)–Northern Trust (Nasdaq: NTRS) is now offering Global Investment Performance Standards (GIPS®) compliant reporting direct to asset owners. This development by Northern Trust’s Investment Risk & Analytical Services (IRAS) group delivers flexible and intuitive reporting through an enhanced version of its proprietary Composite Management System (CMS).
CMS is an online application which enables clients to create and maintain composites. Clients can leverage composite reporting to help them achieve GIPS® compliance – demonstrating high standards of governance and transparency in investment performance reporting.
“Northern Trust has offered GIPS® composite reporting to asset managers for a number of years, and whilst many asset owners require investment managers to comply with GIPS® standards, it has not been commonplace for asset owners to apply the same principles,” said Ian Castledine, global head of IRAS product management at Northern Trust.
“Following the release of new guidance from GIPS® in January, we expect to see the trend for asset owners to adopt GIPS® standards gaining momentum across the industry.”
Pressure for Transparency
“Institutional investors globally remain under pressure to deliver high levels of transparency in their reporting,” added Castledine. “By enhancing our CMS platform and making tools accessible to help our clients with their GIPS® compliance processes, Northern Trust is at the forefront of offering solutions for our clients that meet these demands.”
Northern Trust’s IRAS group provides asset owners and asset managers around the world with innovative analytical solutions. With consultants in Chicago, London, Singapore and Melbourne, the group supports clients in performance measurement, risk analysis and investment compliance monitoring; enabling clients to gain greater insights into their investments for more informed decision making. The group also works to deliver analytical solutions for specialist investment areas such as private equity and other alternative assets.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2018, Northern Trust had assets under custody/administration of US$10.8 trillion, and assets under management of US$1.2 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.