Thomson Reuters aids asset servicing providers 13 November 2012New York Reporter: Jenna Jones
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Thomson Reuters has launched a new equity and fixed income index solution to help custodian banks with investment decision-making and measurement of performance.
The new solution will provide asset servicing providers with “performance measured analytics that are cost effective and highly correlated with other major global market indices,” said a statement from the firm.
Northern Trust is the first asset servicing provider to offer the new solution to institutional fund clients for benchmarking purposes.
“Thomson Reuters is delighted to be working with Northern Trust, a market leading name in the asset servicing space,” said Steven Carroll, head of indices at Thomson Reuters.
“We believe that our new offering will allow custodians to provide options with more flexibility to their customers while maintaining the same level of quality as comparable products.”
Joe Nardulli, head of the investment risk and analytical services index product at Northern Trust, said: “We welcome this opportunity to be the first to work with Thomson Reuters on this initiative to provide our clients with more quality options for their evaluation needs.”
“Across the retirement and fund servicing industries we have seen increased restrictions and costs added to operating models. This new solution helps Northern Trust begin to offer more options for our clients,” added Nardulli.
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