Northern Trust has launched Omnium Event Manager, a web-based workflow tool designed to provide asset managers and asset owners with a consolidated view of corporate action and dividend events affecting fund portfolios, enabling them to coordinate with brokers and custodians to respond effectively to the voluntary events. The Event Manager platform leverages global Omnium services…
Category: NTRS
Northern Trust to administer new USD9bn Coller Capital PE fund
Coller Capital, a UK-based investor in the private equity secondary market, has launched a USD9bn fund, Coller International Partners VIII. Investor support came from over 200 of the world’s leading institutional investors. Northern Trust, which has a 25-year relationship with Coller Capital, has been appointed to provide fund administration, banking and depositary services for the…
Northern Trust to establish eFX pricing engine in Singapore
Northern Trust is to establish a new electronic foreign exchange (eFX) pricing engine in Singapore, in partnership with the Monetary Authority of Singapore. This will be Northern Trust’s first eFX engine in Asia-Pacific.
Northern Trust promotes James Wright to lead IIG EMEA
Northern Trust has named James Wright as head of its institutional investor group (IIG) for EMEA. Wright was previously head of IIG UK, Middle East & Africa. IIG provides services to over 330 clients with collectively USD2.3trn AuC across EMEA. David Wicks, who previously led IIG Europe as part of his European remit, has left…
Penny Biggs to retire from Northern Trust
Penny Biggs, who has had a stellar 20+ year career at Northern Trust, is to retire. Biggs, who was most recently chief strategy officer for the corporate & institutional services business, has held a variety of senior roles, including head of the institutional investor group for EMEA, and head of international distribution for asset servicing…
Northern Trust’s FOS business adds two seniors
Northern Trust’s Front Office Solutions business has hired Nichole Mann as head of operations administration and Nora Tiller as head of client solutions. Mann will be responsible for functions including operational data governance, data quality and process oversight, policy development, and data analysis. Prior to joining Northern Trust, Mann worked at Calculated Valuation. Tiller will…
BondEvalue appoints Citi as bond custodian
Citi has been selected by BondEvalue Pte Ltd to act as a custodian for the underlying bonds traded on BondbloX, its digital exchange for fractionalized assets. Under the agreement, Citi will provide asset safekeeping and servicing solutions. BondEvalue, a Singaporean fintech company founded in 2016, launched the world’s first fractional bond exchange in 2020 after…
TriVista expands relationship with Northern Trust
Northern Trust has been appointed by Japan-based manager, TriVista Capital Inc., to provide global custody services and manage securities lending for its two Cayman-domiciled funds.
Northern Trust to offer operational risk consulting
Northern Trust now offers operational risk consulting (ORC) as part of its front office solutions business. ORC provides management consulting with a focus on investment operations, including advice on operating model enhancements and risks, technology and system evaluations, vendor and service provider assessments, and operational process gap analysis. Vincent Molino, head of operational risk management…
Northern Trust to service new Osmosis CCF in Ireland
Northern Trust has been selected by Osmosis Investment Management, a UK-based manager, to provide fund administration, global custody and depositary services for the Osmosis Resource Efficient Core Equity (ex-fossil fuels) Fund in a UCITS common contractual fund (CCF). The Osmosis UCITS CCF is supported by Prescient Fund Services (Ireland) Limited, which serves as its Irish-regulated…