Northern Trust has been selected by Canada Life Asset Management (CLAM) for asset servicing solutions including middle office outsourcing, global custody, securities lending, fund administration and depositary services. Northern Trust’s appointment consolidates the provision of all CLAM middle office solutions with a single service provider and includes the provision of both IBOR and data solutions.
Headquartered in the UK, CLAM manages over GBP39.6bn (USD50bn) across a range of asset classes including fixed income, equities, UK property, and multi-asset solutions. CLAM is part of Canada Life, which provides insurance and wealth management products and services in Canada, the UK, Isle of Man and Germany.