Northern Trust has partnered with Appian, a fintech provider of low-code process automation solutions, to enhance the NAV workflow communications with private capital fund managers. The solution is aimed at supporting private capital fund managers with a secure digital experience offering enhanced efficiency, oversight and data security across the NAV production lifecycle. The digital portal,…
Category: NTRS
Northern Trust supports Dutch librarians
Northern Trust has been appointed by Dutch pension scheme, Stichting Pensioenfonds Openbare Bibliotheken (POB), to provide global custody and compliance monitoring services. Established in 1957, POB is a public sector defined benefit pension scheme dedicated to the library sector in the Netherlands, with approximately 25,000 members and EUR2.3bn (USD2.5bn) of assets. Margreet Teunissen, chair of…
Northern Trust adds to Poulter’s role
Northern Trust has appointed Glenn Poulter as global head of brokerage, based in London. He remains global head of Integrated Trading Solutions, reporting to Guy Gibson, global head of capital markets.
Northern Trust wins CUPE mandates
Northern Trust has been selected by South Shore Regional Centre for Education (SSRCE) and Tri-County Regional Centre for Education (TCRCE), to provide custody and benefit payment services for their CUPE (Canadian Union of Public Employees) Staff and Support Staff defined benefit pension plans. SSRCE is the public-school board for Lunenburg County and Queens County in…
Zodia registers in Luxembourg
Zodia Custody, the UK-based crypto custodian owned by Standard Chartered and operated in association with Northern Trust, has registered its Irish unit with Luxembourg’s financial regulator, CSSF. The registration will allow Zodia to provide digital asset custody services in Luxembourg.
Redwheel adopts EDS ESG solution
Redwheel, a UK-based asset manager with c. USD19bn AuM, has adopted the data aggregation tool developed by Equity Data Science to enhance ESG integration across its investment business. Northern Trust took a stake in EDS in 2021 and jointly launched an ESG workflow solution that allows investors to access and share ESG information. The data…
Northern Trust to integrate with SimCorp
Northern Trust has agreed with SimCorp, a provider of SaaS investment management solutions, to enable integration for data exchange for mutual clients using the SimCorp Dimension platform. The two companies will automate custody data file exchange for Northern Trust clients via two different methods: direct integration of files which can be delivered to SimCorp, as…
SimCorp hires from Northern Trust
J.R. Bogan has joined SimCorp as head of investment operations. Bogan spent 17 years at Northern Trust, most recently as a senior product manager for its investment operations business.
Illinois Firefighters consolidate with Northern Trust
The Illinois Firefighters’ Pension Investment Fund (FPIF) has selected Northern Trust to provide custody services for the combined pension assets of approximately 300 firefighter pension funds across suburban Chicago and downstate Illinois. Created by the Illinois Pension Code in 2019, the FPIF is responsible for consolidating, managing and investing the assets of municipal and fire…
State Street confirms ART deal
State Street has confirmed the news that first broke last year that it has been appointed to provide custody, investment administration and data management services to Australian Retirement Trust (ART), one of Australia’s largest super funds. ART was formed by the merger of Sunsuper and QSuper and manages >AUD230bn (USD160bn) in retirement savings for its…