Fitch Risk provides risk technologies and risk advisory services. OpVantage is its operational risk arm. It is an affiliate of Fitch Ratings and a subsidiary of Paris-based Fimalac, a business support services group.
By the end of June, Northern Trust had assets under administration of $2.3 trillion and assets under management of $527 billion. Stephen Schoeneman, head of Northern Trust’s corporate operational risk group, said: “We are confident this will provide our business managers with a risk management tool set that will provide value-added information”.