Northern Trust is working with Frost Consulting, an independent consultant, to examine the challenges for MiFID II in scope managers who may face potential difficulties paying U.S.-based bank research providers which have not registered as RIAs, or are unable or unwilling to accept hard dollar payments at their European office(s) for global research services. The…
Category: NTRS
Northern Trust wins in Singapore
Northern Trust has been appointed by Chartered Asset Management Pte Ltd to provide custody, fund administration, foreign exchange and cash management services to the manager’s three funds constituted as Variable Capital Companies (VCCs). CAM was established in 1994 in Singapore, and is one of the 18 fund managers in the VCC Pilot Programme launched in…
New CRO for BNY Mellon
Hollis Merritt has joined BNY Mellon as chief risk officer for the asset servicing business, and chief risk officer for the UK. She joins from Northern Trust, where she spent 17 years, most recently as chief risk officer for EMEA.
Northern Trust develops carbon credit exchange
Northern Trust has completed the first stage toward an industry-wide voluntary carbon credit ecosystem that would allow institutional buyers to digitally access carbon credits from leading project developers. This follows Northern Trust’s milestone of completing fully automated transactions on the initial MVP digital carbon credit platform it has developed with carbon avoidance and removal project…
Northern’s FOS gains global mandates
Northern Trust has reported an expanding global presence for its Front Office Solutions (FOS) business, with the addition of new clients in EMEA. FOS has recently been deployed by three organisations – an asset manager, a university endowment and a pension fund – in EMEA with approximately USD75bn in assets. Globally, FOS has nearly USD500bn…
Fundrella appoints COO
Fundrella AB, the Sweden-based fintech, has appointed Struan Malcolm as chief operating officer. Malcolm was most recently head of Nordic sales for Northern Trust’s asset servicing business. Fundrella is a matchmaker in asset management, allowing professional investors to discover funds that align with their ESG criteria.
Northern Trust appoints HK head of asset servicing
Northern Trust has appointed Aisling Keane as head of asset servicing, Hong Kong. In this newly created role, Keane will lead Northern Trust’s asset servicing business in Hong Kong, Macau and Taiwan, responsible for overseeing the overall strategic direction for the asset servicing business and providing solutions to clients. Keane was most recently head of…
Zodia appoints CFO
Zodia Custody, the UK-based digital assets custodian, has appointed Jonathan Hugh as chief financial officer. He joins from GSR, where he held a similar role.
Northern Trust appoints FX chief
Northern Trust has appointed Dane Fannin to lead its global FX business. Fannin, who joined the bank in 2006, will retain his existing responsibilities for the securities finance business. He reports to Guy Gibson, global head of capital markets, banking & treasury services. Fannin replaces Marisa Kurk, who left earlier this year.
Steve David leaves Northern Trust
Steve David has left Northern Trust, where he has spent the last 19 years. David was CEO of Northern Trust Global Services Societas Europaea, its EU bank, as well as country head for Luxembourg. He was instrumental in growing the Luxembourg franchise and also played a key role in the successful integration of the UBS…