Northern Trust has launched an umbrella trust, dubbed the Datum One Series Trust, that it will offer to asset managers that would prefer to focus on distribution and investment goals, and let the custodian manage the infrastructure and back-office services. The new offering will include operational infrastructure support services via an integrated model, says Barbara… Read More >>
SunGard Adds to U.S. Transfer Agency Services
SunGard reports the expansion of its transfer-agency capabilities with the addition of an “industry utility offering to its managed services suite,” according to a statement, which calls the “key catalyst” for the expansion SunGard’s “acquisition of the U.S. long funds transfer agency business from Citibank, N.A. – a transition of shareholder servicing responsibilities that reflects… Read More >>
