Category: NTRS

Northern Trust has been appointed to provide global custody, fund accounting, depositary services and its outsourced trading service, Integrated Trading Solutions, to International Biotechnology Trust and its investment manager, SV Health Managers. Founded in 1994, International Biotechnology Trust is a UK investment trust that is traded on the London Stock Exchange. Its objective is to…

Northern Trust has appointed two vice chairmen. Longtime Northern Trust leaders Dave Blowers, president of national services in wealth management, and Lyle Logan, managing director, financial institutions group, have been named as vice chairmen. Their responsibilities include key strategic initiatives and the development of select clients and prospects globally. Blowers continues to report to wealth…

Northern Trust has been selected by Wilmington Trust, N.A. to provide custody, fund accounting, fund administration, fund-of-fund administration, and transfer agency services for collective investment trust (CIT) funds with approximately USD90bn in total balances. Rob Barnett, EVP and head of intermediary sales at Wilmington Trust, said: “CITs continue to be an increasingly popular investment vehicle…

Richard Clark has joined Zodia Custody as head of sales & partnerships. Zodia Custody, which is registered in the UK by the FCA as a crypto asset business, is owned by Standard Chartered in association with Northern Trust. Clark previously spent 15 years at Merrill Lynch.

Northern Trust has enhanced the commission management process for its Integrated Trading Solutions clients through a collaboration with Commcise, a provider of cloud-based software solutions, including commission management and aggregation services, research valuation, consumption tracking and share-of-wallet reporting. The Commcise platform provides managers with automated soft dollar reconciliation, invoice/contract management, commission targeting, broker voting, commission…

Zodia Custody, the UK-based crypto asset servicing provider for institutional investors, has established a deal with Fireblocks, the U.S.-based provider of digital asset and crypto technology, to enhance Zodia’s’s connectivity offering and give institutional investors direct access to the Fireblocks network, a global crypto capital markets gateway. The integration will allow Zodia’s institutional clients to…