Northern Trust and Carne Group have been appointed by AJ Bell, a UK-based asset manager and investment platform provider, to provide asset servicing and ACD services. Northern Trust will provide custody, depositary and fund administration services for AJ Bell’s in-house managed funds, with Carne as the funds’ ACD. The funds have a combined AuM of…
Category: NTRS
Northern Trust wins Osmosis mandate
Northern Trust has been appointed by Osmosis Investment Management NL B.V. to provide middle office support including investment operations outsourcing, collateral management and currency management. Osmosis NL is an affiliate of UK-based Osmosis Investment Management UK Limited.
Avanda expands with NTRS
Northern Trust has expanded its fund services relationship with Avanda Investment Management, supporting its implementation of the mandate granted by Monetary Authority of Singapore (MAS) as part of the Equity Market Development Programme (EQDP). Northern Trust will provide investment operations outsourcing, fund administration and investment risk and analytical services, building on a relationship with Avanda…
NTRS taps Broadridge for class action service
Northern Trust is expanding its global asset recovery capabilities with Broadridge’s proprietary global class action technology, enabling clients to optimise claim recoveries and increase engagement in settlement processes. Enhancements available with the new service include expanded coverage for more than 35 markets and, for the first time, support for opt-in markets where claimants can elect…
Northern Trust wins IFFEd mandate
Northern Trust has been appointed by the Switzerland-based International Finance Facility for Education (IFFEd) to provide global custody services. The World Bank acts as asset manager for IFFEd.
NTRS appoints global head of TA
Northern Trust has appointed Josh Lovell as global head of TA and investor servicing. Based in Boston, he reports to Nadia Ivanova, head of accounting and fund services. He previously spent 10 years at State Street.
NTRS signs MoU in Brunei
Northern Trust has signed an MoU with Universiti Brunei Darussalam (UBD) to develop digital and fintech talent and strengthen academic-industry collaboration. The MoU establishes a framework for Northern Trust and UBD to work together on research and development initiatives in areas such as digital assets, the application of AI, and emerging financial market trends. These…
BNY hires Zita
BNY has hired Tom Zita as senior director, alternatives client coverage. He reports to Dylan Curley, client coverage global head of alternatives for the asset servicing business. Zita was previously at Northern Trust.
Cooper leaves Northern Trust
After just over two years at Northern Trust, Duncan Cooper has left to run his own business. He was chief data officer at Northern Trust, and has also worked at BNY and HSBC. He is based in the UK.
NTRS to support Brandes Australia fund
Northern Trust has expanded its relationship with Brandes Investment Partners (Asia) Pte Ltd, part of the Brandes group of companies that includes Brandes Investment Partners L.P, to support the launch of the Brandes Global Value Fund in Australia, providing global custody and fund administration. Brandes, a California-based investment advisory firm, has been a Northern Trust…