PFPC Rolls Out Middle-Office Suite in Europe

PFPC Inc., a unit of PNC Financial Services Group Inc., announced Wednesday that it will offer a middle-office suite of services for both traditional and alternative asset managers in Europe.

Investment managers can use PFPC's trade support and middle-office services as a stand-alone solution or as part of a comprehensive service that includes enhanced back-office capabilities, the company said.

PFPC has supplied back-office services to the global investment industry for more than 30 years. Investment managers that use the service will be able to remotely access trade information; monitor trade flow processing; and view their position, profit-and-loss, and performance reports online.

The Wilmington, Del., company supports a global base of customers from offices in the United States and Europe. It offered fund accounting and administration, transfer agency, custody, and sub-accounting services for $1.6 trillion of assets and 55 million shareholder accounts at June 30.

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