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Northern Trust Enhances Asset Valuation Capabilities for Investment Operations Outsourcing Clients

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Northern Trust announced today it has strengthened its client specific asset pricing capabilities for investment managers on its Investment Operations Outsourcing platform through an agreement with Broadridge Financial Solutions, a technology services company that provides information processing for investor communications and securities transactions.

Under the agreement, Northern Trust will utilise Broadridge’s Managed Data Service to further automate flexible pricing models for Investment Operations Outsourcing clients and monitor complex and customised pricing rules with consistent oversight and transparency.

“Northern Trust sets the highest standards in outsourcing support for investment managers, and we have selected Broadridge as a trusted provider that shares our values,” said Paul Fahey, head of the Global Fund Services Product Group at Northern Trust. “With this agreement, Northern Trust continues to strengthen its Investment Operations Outsourcing capabilities worldwide, providing a balance of flexibility in pricing strategies with valuation oversight. These are critical in today’s complex and volatile markets.”

The enhanced service delivers price calculation capabilities, including blended fixed income prices and depository receipt prices based on the underlying asset price. Additionally, investment managers can review their pricing model effectiveness and analyse pricing exceptions and variances through client defined control reporting.

Lisa Lidsky, vice president, Securities Processing Solutions, Broadridge, commented: “We are delighted to support Northern Trust through our Managed Data Service. In these times of increasingly tighter regulation and industry change initiatives, it is gratifying to see our clients benefiting from the significant investment in people, process and technology that Broadridge has undertaken to make this service available to its customer base. Broadridge’s Managed Data Service is a unique combination of the industry’s ‘best of breed’ technologies combined with Broadridge’s world class data centres, infrastructure and people, giving our clients a clear return on investment and time-to-market advantage.”

Northern Trust provides a robust client pricing service for its Global Fund Services clients, offering multiple pricing sources with client customisation, including options for direction of primary and secondary sources, hard to price assets, and price modelling. Through this service, clients receive valuations and reporting from Northern Trust that reflect their internal pricing policies that can be modified as market trends and/or investment strategies dictate.

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