Northern Trust has expanded its front office solutions product set to include a suite of risk management capabilities, enabling asset owners to review and assess the operational strengths and risks of investment managers.
The new product suite will be led by Vincent Molino, a 15-year industry veteran who joined Northern Trust as practice executive, head of operational risk management solutions in July 2019.
Molino has experience in analysing the investment operations of investment managers and assessing operational processes and risks across all asset classes, including alternative assets.
Further operational risk monitoring functions are also under development for the new product suite as well as capabilities for limited partnership agreement compliance, fund fee analysis and regulatory monitoring.
Northern Trust’s risk management facilities will be available to clients managing alternative strategies such as hedge funds, private equity funds, real assets and direct investments.
Melanie Pickett, head of front office solutions at Northern Trust, said: “With our enhanced due diligence capabilities and the strong leadership of Vincent Molino, the launch of Operational Risk Management Solutions marks a new chapter in Northern Trust’s strategy to support the evolving needs of asset owners across the globe, going beyond traditional asset servicing offerings.”
