Northern Trust has extended online access to investor information for transfer agency clients to nominees and third party fund distributors across Europe. The enhancement will allow nominees and distributors to check transactions and valuations online.
Nominees and third party distributors can access the information via a single sign-on to Northern Trusts Passport portal and view all accounts and investor information across multiple management companies for which Northern Trust provides fund administration services.
“Previously, nominees and third party distributors had to request specific information which would then be sent through manually,” said Karen Hamilton, head of product development for fund administration at Northern Trust.
“By extending access to our fund clients’ online data, Northern Trust enables nominees and third party distributors to better support their day-to-day processing and the underlying investors that they service,” she added.
(JDC)