Northern Trust is celebrating 20 years since it established a presence in Ireland through its acquisition of Ulster Bank Investment Services. Northern Trust is the third largest provider of fund administration and custody services in Ireland, according to Monterey, employing more than 1,600 people in its offices in Dublin and Limerick. In 2011 Northern Trust…
Category: NTRS
Northern Trust appoints Dan Sleep to APAC market advocacy & innovation team
Northern Trust has appointed Dan Sleep to its market advocacy & innovation research team in Asia-Pacific, where he is responsible for driving engagement with industry and regulatory bodies and implementing digital innovation research projects across the region. Sleep is based in Singapore. He was previously derivatives practice lead in APAC.
Northern Trust makes senior management changes
Northern Trust is making some senior management changes across its asset servicing business. James Wright, who joined in 2016 from J.P. Morgan, is promoted to head the institutional investors group across EMEA, based in the UK. In the U.S., Peter Sanchez, who has run the hedge fund services business in North America since 2011, is…
SC and Northern Trust launch cryptocurrency custody solution
SC Ventures, the innovation and ventures unit of Standard Chartered, has entered into an agreement with Northern Trust to launch Zodia Custody, an institutional custody solution for cryptocurrencies. Zodia is designed to enable institutions to invest in the emerging cryptocurrency assets, including transaction and settlement activities. Under the agreement, which is subject to registration with…
Sands Capital consolidates Irish UCITS admin with Northern Trust
Sands Capital Management, a U.S.-based manager with USD58bn AuM, has selected Northern Trust to provide fund administration, transfer agency, depositary and global custody services for its USD6bn Ireland-domiciled UCITS umbrella fund. The appointment consolidates provision of all asset servicing functions for Sands Capital Funds Plc to Northern Trust. The mandate builds on Northern Trust’s existing…
Pershing Square appoints Northern Trust for multi-domicile admin mandate
Northern Trust has been appointed to provide fund administration services for Pershing Square Capital Management, a New York-based manager with USD9.4bn AuM. Northern Trust will support Pershing Square’s funds domiciled in Guernsey, Cayman and Delaware
Northern Trust launches end-investor portal for alts managers
Northern Trust has launched an investor portal for alternative asset managers, offering an enhanced investor experience with updated data feeds, customised views and analysis. Built in partnership with fintech provider InvestCloud, the investor portal provides: Direct interface allowing investors 24/7 access to their updated investment data. Secure data transmission and data visualizations of metrics including…
Northern Trust to administer new water-focused fund for Emerald
Northern Trust has been selected by Emerald Technology Ventures AG to provide fund administration, global custody and banking services for its sixth new fund launch – the Guernsey-domiciled Emerald Global Water Impact Fund LP. The USD100m fund is making investments in early and expansion stage companies in the water technology sector with the aim of…
NT adds research management and investment analysis modules to FOS platform
Northern Trust has launched research management and investment analysis modules in its Front Office Solutions platform. The new research management module captures the life-cycle of the entire manager selection process, including contacts, key relationships, quantitative and qualitative data, emails, documents, meeting notes, and calendar entries. A flexible data model allows users to customise views, synchronise…
Kieger appoints Northern Trust to administer Lux funds
Kieger AG a Swiss-based asset manager, has appointed Northern Trust to provide fund administration, global custody, depositary and currency management services for its Luxembourg-domiciled funds. Founded in 2000, Kieger manages assets focused on healthcare, sustainability, private equity and multi-asset portfolios. Its Luxembourg funds are structured as SICAVs and FCPs.