2012-11-13 15:38:01 -
Northern Trust is first asset servicing provider to offer the new solution to
institutional fund clients for benchmarking purposes
NEW YORK, November 13, 2012 - Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, today announced the
launch of a new benchmarking solution to help asset servicing providers
(custodian banks) with investment decision-making and measurement of
performance. The Thomson Reuters equity and fixed income benchmarks will provide
custodian banks with performance measurement analytics that are cost effective
and highly correlated with other major global market indices. Northern Trust is
the first asset servicing provider to adopt the Thomson Reuters indices as
benchmarking solutions for its institutional fund servicing clients.
Thomson Reuters equity and fixed income indices are available as part of a new
commercial model, which packages the indices into a simple, cost effective way
that defies the complex, high fee structures associated with the index industry.
The launch of this model supports Thomson Reuters vision to connect and enable
the global financial community and represents a significant step forward in
addressing the benchmarking needs of the investment community.
"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 recognize the significant challenges to banks and
institutional investors in the current environment and 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.
Thomson Reuters is committed to providing cost effective solutions for benchmark
index requirements across global capital markets, and this is an example of our
ability to innovate and deliver."
"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," said Joe Nardulli, head of the investment risk and analytical
services index product at Northern Trust. "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."
Northern Trust has provided risk and performance services to institutional asset
servicing clients for more than 30 years. Capabilities delivered through the
Investment Risk & Analytical Services group include risk monitoring, performance
evaluation and compliance services. These new capabilities enhance the existing
suite of investment risk and analytics solutions.
Thomson Reuters today provides over 10,000 indices that allow market
professionals to make better investment decisions and understand market trends.
Thomson Reuters equity indices cover 51 countries and 27 regions and utilize the
unique Thomson Reuters Business Classification system. Additionally we offer
Sovereign Bond Indices for 28 markets and indices for a variety of other asset
classes - such as the recently launched TR/GPR Real Estate Indices, Venture
Capital Indices and Shariah compliant Indices for Islamic Finance.
Thomson Reuters provides innovative indices and index-related services to the
global financial community to help investors make better decisions. Thomson
Reuters index clients and partners rely upon the unparalleled breath, depth,
global network and vast data and content sets that only Thomson Reuters can
provide. Backed by the content, data, independence and global information
network of Thomson Reuters, our indices and index services are designed to suit
any need. For more information, go to Thomson Reuters Indices.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and science
and media markets, powered by the world's most trusted news organization. With
headquarters in New York and major operations in London and Eagan, Minnesota,
Thomson Reuters employs approximately 60,000 people and operates in over 100
countries. Thomson Reuters shares are listed on the Toronto and New York Stock
Exchanges.
For more information, go to
thomsonreuters.com.
CONTACT
Lauren Herman
PR Specialist
+1 646-223-5985
Lauren.herman@thomsonreuters.com
Lemuel Brewster
PR Director, Investors
Thomson Reuters
+1 646-223-5147
Lemuel.brewster@thomsonreuters.com
Press release PDF:
hugin.info/142273/R/1657253/535977.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
[HUG#1657253]