Northern Trust has selected SunGard’s Invest One fund accounting system to support and help grow its European mutual fund and alternative investment operations, the firms announced.

Invest One is both multi-currency and capable of processing all types of assets on one system, according to SunGard.

"We conducted a thorough search for the solution with the best global and alternative investments accounting capabilities to support our U.K., Irish and Luxembourg business needs," said Brian Ovaert, senior vice president and head of global fund accounting for Northern Trust. "In the end, we found Invest One, a solution that we have used for many years for our North American business, had the most comprehensive functionality to support our growing global operations."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.