Thomson Reuters has launched a new benchmarking solution to help 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 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. The custodians investment risk and analytical services group include risk monitoring, performance evaluation and compliance services. These new capabilities enhance the existing suite of investment risk and analytics solutions.
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, said Steven Carroll, head of indices at Thomson Reuters. 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.
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, added Joe Nardulli, head of the investment risk and analytical services index product at Northern Trust.
Thomson Reuters equity indices cover 51 countries and 27 regions and utilize the unique Thomson Reuters Business Classification system.
(JDC)