Waverton Investment Management, a UK-based manager with GBP9.1bn (USD11.6bn) AuM, has appointed Northern Trust to provide outsourced trading services through its Integrated Trading Solutions business.
Northern Trust will cover equities, derivatives and fixed income assets as Waverton’s sole provider of trading services. The appointment followed a review by Waverton of its operating model intended to help align its operational structure with plans to expand its product range and investment capabilities. The deal has also resulted in two of its traders – Rene Naya and Sam Tresadern – joining Northern Trust.