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25 years, 25 CEOs: Steven Fradkin, president, corporate & institutional business unit, Northern Trust
01 February 2012
To celebrate its 25th anniversary, Global Investor/ISF interviewed 25 CEOs. Steven Fradkin explains why in the post-Madoff world, information from independent sources is investors’ key concern
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Steven Fradkin
Northern Trust
I believe that one of the biggest changes we will see in the coming years is the imperative for asset service providers to move ever further, beyond the provision of data, to better empower clients to sift through that data and focus on the important information that can be used to effectuate portfolio enhancing decisions.
While the industry plays that role today, I believe this function will evolve to a vastly more sophisticated set of capabilities in the future as we help clients with valuations, reporting, reconciliations, compliance, risk management, client reporting and a host of other activities that contribute to the ultimate objective of improving client returns on a risk-adjusted basis.
In a post-Madoff, post-financial crisis world, clients want vastly more information, more frequently from more independent sources. They have shifted from returns, to trying to better monitor and...
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