Northern Trust Selects SunGard’s Asset Arena Control Center to Help Streamline Processes and Reduce Risk

Published 

Northern Trust has chosen SunGard’s Asset Arena Control Center as the latest addition to the portfolio of SunGard solutions used by the asset servicing and investment management firm. Asset Arena Control Center will help Northern Trust benefit from further operational efficiency by converting complex work processes into electronic checklists and easy-to-read dashboards that help increase automation and improve operational oversight and controls of the firm’s fund accounting and investor accounting activities.

The range of SunGard solutions and platforms Northern Trust uses helps ensure increased transparency and process optimization and spans the firm’s wealth management, asset management, private equity, capital markets, risk and analytics, and reconciliations systems.

Peter Cherecwich, Head of Global Fund Services within Northern Trust’s Corporate and Institutional Services business unit, said, “It has been crucial to us to ensure we have the right systems in place that will help enhance our portfolio processes. By working with SunGard, we will look to achieve a smoother end-of day NAV (Net Asset Value) creation process, reduce the potential for risk and meet regulatory requirements which will ultimately help us generate significant cost savings. SunGard has long been a consultative advisor to us, and we look forward to continuing our collaboration for future projects.”

Doug Morgan, president of institutional asset management for SunGard’s Asset Management business, said, “Both investors and regulators are seeking greater transparency from fund managers and their administrators. They require evidence that their processes are robust and that strict controls are in place. The firms that are best positioned for success are those that employ comprehensive solutions with a centralized view of fund accounting and investor accounting activities. As a long standing SunGard customer using a wide variety of our solutions, Northern Trust is a great example of this and Asset Arena Control Center will help take the firm even further in building increased transparency. This will ultimately aid Northern Trust in achieving its overarching business objectives by increasing the level of control over its processes and reducing operational risk.”

Denise Valentine, a senior analyst at Aite Group said, “As it continues to globalize, the investment management industry is moving towards a more consolidated approach to fund administration. To better manage their growing cross-border challenges, and minimize the risk of untimely, inaccurate processes, asset managers are seeking greater support for their day-to-day operations. This gives fund administrators the opportunity to increase their own scale and take on a greater range of services, as a one-stop shop for fund administration. By providing automation and transparency across areas such as client reporting, financial statement production and even middle-office and risk management responsibilities, a fund administrator is better able to compete in an operationally demanding yet cost-conscious market.”

Most recent episodes

Advantage Treasury

Eleanor Hill is joined in the virtual TreasuryCast studio by Nicolas Cailly and Philippe Penichou (Societe Generale) to look at treasury trend predictions for the remainder of 2022, with a particular focus on virtual accounts. In this deep dive into current and future treasury priorities, our guests consider...

24:22

40th Annual New York Cash Exchange: What Can Treasurers Expect?

Ahead of the 40th annual New York Cash Exchange, two of TMANY’s distinguished board members, David Miller and Timothy T. Hesler, CTP, provide TMI CEO, Robin Page, with a quickfire rundown of what attendees can expect from this year’s conference. Our guests share their aspirations for the event,...

09:58

Expectation-Beating Inflation Prints Ratchet Up Pressure on Monetary Policy

Welcome to the third edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 9th May...

04:48

Making the Sustainable Transition: A Roadmap to ESG in Treasury

Over the last 18 months, Societe Generale has experienced a steady increase in requests from their corporate clients to integrate ESG features in treasury management.  Louis-David Rouyer, Philippe Pougeard, and Emmanuelle Petelle (Societe Generale) provide TMI’s Eleanor Hill with a whistlestop run...

22:24

Lift Off for Fed Rate Rises

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th of...

04:58

Treasury in 2022 and Beyond

Industry experts Bob Stark (Kyriba) and Sebastian di Paola (PwC) join TMI’s Editor, Eleanor Hill, to explore the very latest treasury trends – and to discuss how smart treasurers can get ahead of the game by ...

43:21

How BearingPoint Harnessed Data-Driven Forecasting with CashAnalytics and SAP

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI’s Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from...

37:14

The 3 T’s of The Future: Tech, Treasury, and Transformation

Over the past two years, an increasingly dynamic environment has not only accelerated technology development – from quantum computing to blockchain technology, and even the metaverse – but also technology adoption, bridging colleagues and breaking down silos in a remote work world. In this podcast,...

44:02

Monetary Policy Continues to Drive Markets as Ukraine Invasion Weighs on March Meetings

Welcome to the second edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 3rd of...

05:25

Tax Spotlight: How the OECD’s Two-Pillar Solution Impacts Treasury

Aaron Lee and Joseph Lee (DBS Bank) join TMI’s Eleanor Hill to discuss how the OECD’s Two-Pillar Solution aims to address the tax challenges arising from the digitalisation of the economy. Ahead of the 2023 implementation date multinational corporates will have much to consider around these reforms....

24:00