ABU DHABI, United Arab Emirates & RIYADH, Saudi Arabia: Northern Trust (Nasdaq: NTRS) today announced it has evolved its Investment Performance reporting services to deliver Sunday to Friday investment returns for clients with Middle East mandates.
The latest development from Northern Trust’s Investment Risk and Analytical Services (IRAS) group enables Middle East-specific performance analytics to be reported with greater depth of analytics and timeliness for local markets.
The enhancement enables Sunday returns to be calculated for Middle East markets and portfolios – delivering information that is increasingly timely and representative of regional clients’ investment portfolios. Northern Trust can also provide clients with two separate ‘views’ of their performance – for both the Middle Eastern and global working weeks – for heightened oversight and transparency.
Serge Boccassini, product lead, Investment Accounting and Analytic Solutions at Northern Trust, said: “For clients with Middle East mandates, this enhancement provides more granular insights into the factors that drive the performance generated by their investment managers. By leveraging our global scale, technology and advanced analytical capabilities, Northern Trust helps clients incorporate the characteristics of regional and global markets into their processes, as they meet their local governance, reporting and risk management obligations.”
Northern Trust’s Investment Performance services provide institutional investors – typically pension funds, sovereign wealth funds and asset managers – with valuable insights when tracking and analyzing risk and performance. These services allow clients to access performance, attribution, contributions and ex-post risk results across individual and aggregated portfolios, supporting their investment management processes ranging from regulatory reporting to enhancing institutional governance.
Michael Slater, head of Middle East and Africa at Northern Trust, comments: “As we support our clients’ investment strategies, we see they increasingly require asset servicing solutions that are aligned with their working week and time zone. This enhancement exemplifies our commitment to meeting those requirements and developing our capabilities to meet their evolving needs.”
Northern Trust’s IRAS group provides asset owners and asset managers around the world with innovative analytical solutions, supporting over approximately US$8.1 trillion (as of 31 December 2020) of assets under measurement. With consultants in Chicago, London, Basel, Abu Dhabi, Singapore and Melbourne, the group provides performance measurement, risk analysis and investment compliance monitoring – enabling clients to gain greater insights into their investments for more informed decision making.
Northern Trust began servicing clients in the Middle East in 1987 and has seen significant growth across its regional business. It has offices in Abu Dhabi and Riyadh, Saudi Arabia – and has more than doubled its local workforce within three years. The team provides a comprehensive range of solutions to a broad base of clients that include many of the largest sovereign wealth funds, central banks, inter-governmental/governmental organizations, asset managers and family offices in the region.