Northern Trust has expanded its front office solutions product set to include a suite of risk management capabilities, enabling asset owners to review and assess the operational strengths and risks of investment managers, including those managing alternative strategies such as hedge funds, private equity funds, real assets and direct investments. The operational risk management solutions suite includes detailed operational due diligence assessments. Additional enhanced services, such as operational risk monitoring, are also under development, including capabilities for limited partnership agreement compliance, fund fee analysis and regulatory monitoring. The operational risk management solutions business will be led by Vincent Molino, who recently joined Northern Trust.
