UK - Mercer Investment Consulting has launched a new web-based global custody database.
The new tool is designed to allow in-depth research and analysis across geographical boundaries and market segments; facilitate quick and easy custody searches, and assist clients in benchmarking current or prospective custodians’ capabilities and fees against industry standards and best practices, said the firm. Custodians also can update their data on-line.
Commenting, Stacy Scapino, who heads Mercer’s global custody and asset administration group, said:
We conduct on-site reviews where a custodian has processing and client service centres, regardless of geography.
Since core custody operations do not change frequently, our database allows us to analyse the status quo, track changes, document on-site due diligence observations and share information on a global basis.
Mercer already employs a global investment manager database, launched in January 2000, containing information about 8,800 investment strategies offered by 1,700 fund managers.
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