Northern Trust has launched the web-based version of its Passport portfolio management system, which can be used by small-business clients of the bank for custody reporting, foreign trade execution, risk analytics and performance analytics. Clients can sign on to the system over any web browser.
Richard Jurek, Northern vice president, said 300 clients are using the custody software on the web, and he expects all of Northern’s clients eventually will switch over to this version of Passport.
