Northern Trust has confirmed the appointment of Steven Reydel as head of North America fund accounting and Michael McMaster as head of North America fund administration. Reydel was most recently head of BBH’s global fund accounting operations team and the fund accounting product executive. McMaster was chief tax officer – head of global fund services…
Category: NTRS
Viridium hires CTO from Citi
Jörg Günther has joined Viridium, a specialist in the management of life insurance portfolios, as chief technology officer. He was previously with Citi, where he was global head of securities services technology, joining in 2019 from Northern Trust, where he was CTO for EMEA and chief information officer for its Corporate & Institutional Services business
Northern Trust partners with Saphyre
Northern Trust and Saphyre have automated the account opening process for clients of Northern Trust’s investment operations outsourcing business. The two firms collaborated on the solution, which provides a dynamic middle-office function to increase transparency and efficiency for events including account setup, account maintenance and asset transfer requests.
Sionic hires Sascha Calisan
Sionic, a UK-based consultancy, has appointed Sascha Calisan as a director in its asset management practice, where she will lead the firm’s distribution services capability. Calisan was previously head of fund distribution support at Northern Trust.
Zodia expands token coverage
Zodia Custody, the UK-based digital asset custodian, has expanded its token coverage with the addition of Uniswap (UNI), USD Coin (USDC), and Wrapped Bitcoin (WBTC). Zodia is a service provided by Standard Chartered, with Northern Trust as a co-investor.
Northern Trust hires from BNY Mellon
Northern Trust has hired Barbara Doherty as a client executive in the asset servicing business, based in the U.S. She joins from BNY Mellon.
Northern Trust and EDS launch ESG workflow solution
Northern Trust and Equity Data Science, in which the bank has a stake, have launched an ESG workflow solution that will allow investors to access and share ESG information. The data aggregation tool leverages data science to increase transparency while enhancing efficiency and collaboration amongst investment teams.
Northern Trust hires AsPac innovation head
Northern Trust has hired Alvin Chia as head of digital assets innovation for Asia Pacific. Based in Singapore, Chia is responsible for delivering innovations aligned to Northern Trust’s digital asset strategy to clients across the Asia-Pacific region. Chia reports to Justin Chapman, global head of digital assets and financial markets. Chia was most recently the…
ART consolidates with State Street
Local media reports in Australia suggest that the AUD230bn (USD148bn) Australian Retirement Trust has consolidated custody and administration with State Street. ART was formed following the merger of QSuper and Sunsuper. QSuper, the larger of the two funds, had previously used Northern Trust, whilst State Street serviced Sunsuper.
Polar Capital expands relationship with Northern Trust
Northern Trust has been appointed by Polar Capital to provide global custody, depositary, transfer agency, fund accounting and currency management services to the Melchior Selected Trust. Domiciled in Luxembourg, Polar Capital’s Melchior Selected Trust was launched in 2010 and is comprised of the Melchior Absolute Return Fund, European Opportunities Fund and Global Equity Fund. All…