Northern Trust has been selected by Federated Mutual Insurance Company to provide global custody and cash management services for over USD7bn of insurance assets.
Category: NTRS
Northern Trust launches portal for Canadian benefit plan participants
Northern Trust Canada has launched an online portal, Benefit Payment Participant Passport, enabling advanced automation for participants of Canadian benefit plans. The portal allows pension and benefit plan participants to access their program information in real time, 24 hours a day, seven days a week, in French or English. The self-service option supplements mailings, call…
Northern Trust makes management appointments for ME&A
Northern Trust has made two appointments to its Middle East & Africa asset servicing business. The new positions are based in Abu Dhabi, UAE. Justin Miller has been appointed head of relationship management for the Middle East & Africa. He was previously head of client management for securities lending for EMEA. Chris Dulieu has been…
Northern Trust adds reporting functionality to Front Office Solutions
Northern Trust has released two new reporting capabilities – valuation status and advanced client reporting – for its Front Office Solutions clients. The new FOS valuation status tool enables institutional investors to more accurately measure current portfolio values and issues alerts when prices are updated. The advanced client reporting tool allows users to customise report…
Northern Trust launches cloud-based insurance reporting service
Northern Trust has launched a cloud-based reporting application for its insurance investment accounting and analytics services solution for U.S. insurance companies. The platform incorporates Northern Trust’s interactive digital interface with the SAP Financial Asset Management (FAM) system to provide an end-to-end solution covering all asset classes. The solution allows insurance companies to: Identify trends, risks…
Northern Trust appoints senior officers for ME&A
Northern Trust has appointed Areej Al-Mokbel as chief operating officer for the Middle East and Africa, responsible for overseeing business operations in Riyadh and Abu Dhabi. Al-Mokbel has spent over 12 years working in asset management and asset servicing, holding senior management and business leadership positions with HSBC Saudi Arabia. Prior to that, she held…
Northern Trust confirms Jane Western as COO of FOS
Northern Trust has confirmed Jane Western as chief operating officer of its Front Office Solutions (FOS) business. FOS is an integrated digital and service solution focused on enabling enhanced data integration, collaboration and portfolio analysis for complex asset owners such as endowments, pension funds and family offices. Western has served as interim COO since December…
Northern Trust adds ESG reporting capabilities
Northern Trust had added new capabilities to its ESG risk exposure analytics to include new reporting for key environmental data categories. The enhancement enables Northern Trust’s clients to interrogate specific environmental risk indicators for their investments. It also delivers a new ESG Insights: Environment report, providing investors with access to environmental analytics using a range…
Northern Trust & BondEvalue complete first fractionalised bond trade in Singapore
Northern Trust and BondEvalue have completed the first trade of a fractionalised blockchain-based bond. The trade of a blockchain-based bond, known as BondbloX, was executed on BondEvalue’s platform, with Northern Trust as the exclusive asset servicing provider. This comes after the two parties established a strategic partnership in 2019 to deliver integrated asset servicing and…
Northern Trust wins three European insurance mandates
Northern Trust has won three new mandates from European insurers. Hannover Re, the German reinsurer, appointed Northern Trust to provide collateral management and global custody services for its longevity risk transfer business. AND-E, a European subsidiary of the Japanese insurance group MS&AD, appointed Northern Trust to provide global custody and related asset servicing solutions for…