Northern Trust has entered into an agreement with Finscape to provide clients with a comprehensive view of their fund distribution activity. By streamlining market intelligence gathering, the service – also called Finscape – aims to help address industry-wide challenges around data transparency. Under the agreement, Northern Trust will make Finscape available to its asset manager…
Category: NTRS
Northern Trust supports 5CP’s USD144m fund launch
Northern Trust has been appointed by 5th Century Partners (5CP), a purpose-driven private investment firm based in Chicago, to provide fund administration and related services. The relationship includes banking, investor services and support for the launch of 5CP’s oversubscribed debut fund, which closed to investors earlier this year with USD144m in capital commitments. Northern Trust…
Northern Trust supports AMF transition to IORP II status
Northern Trust has supported AMF Tjänstepension AB (formerly AMF Pensionsförsäkring AB) with its transformation to become one of the first occupational pension providers in Sweden under the European Institutions for Occupational Retirement Provision (IORP) II Directive. IORP II aims to improve the governance and communication standards of occupational pension schemes. Over an 18-month period, Northern…
Northern Trust resets U.S. business lines
Following last year’s departure of Dan Houlihan, heat of asset servicing for the Americas, Northern Trust has taken the opportunity to reorganise its U.S. business lines across asset servicing. Toby Glaysher, currently head of Global Fund Services (GFS) International, will expand his responsibilities to become president of GFS, adding the U.S. to his EMEA and…
Karsten Illy promoted by Northern Trust
Karsten Illy has been promoted to country head, Switzerland for Northern Trust. He takes over this responsibility from Wim van Ooijen and hands over his COO responsibility for Switzerland to André Debrunner, the current head of fund reporting. Wim van Ooijen maintains responsibility for Switzerland as part of his wider GFS executive role and continues…
Northern Trust continues automation push for alts business
Northern Trust has partnered with Accelex, a UK-based fintech, to provide asset owners with new capabilities for handling unstructured data. The improvements complement other AI-powered data extraction capabilities that Northern Trust has developed in house for its alternative asset servicing business and for clients of its Front Office Solutions platform. Leveraging Accelex technology, Northern Trust…
Northern Trust launches climate risk reporting service
Northern Trust has enhanced its ESG investment analytics to deliver new climate risk reporting for global institutional investor clients. The Climate Focus Report, part of Northern Trust’s ESG Insights suite of reporting solutions, offers clients a range of carbon metrics, physical risk and transition risk detail at the portfolio level. These include detailed emissions information,…
BlueBox appoints Northern Trust for USD1bn Lux SICAV
Northern Trust has been appointed to provide fund administration, depositary, global custody and its Integrated Trading Solutions (ITS) to BlueBox Asset Management’s Luxembourg-domiciled BlueBox Global Technology Fund. Headquartered in Switzerland, BlueBox Asset Management was established in 2017. Its BlueBox Global Technology Fund (SICAV) has grown assets under management to more than USD1bn. The fund invests…
Mark Snowdon joins StanChart
Mark Snowdon has joined Standard Chartered as head of insurance relationship management for Asia. Based in Hong Kong, he is responsible for managing and developing the bank’s financing and securities servicing insurance client franchise across Asia, incorporating custody, fund services, agency securities lending and prime services activities. He joins from Northern Trust.
Northern Trust deploys Broadridge’s SRD II solution
Broadridge Financial Solutions, the U.S.-based fintech, has delivered its full suite of Shareholder Rights Directive (SRD II) investor communication solutions to Northern Trust. These solutions are in use across Northern Trust’s global asset servicing business. Northern Trust is also using Broadridge’s SRD II-enhanced global proxy platform, which supports same-day meeting distributions, agenda translations, vote processing…