Omba Investments ICAV has appointed Northern Trust to provide global custody, depositary and associated services for its new Ireland-domiciled UCITS umbrella fund. The planned USD100m fund will be launched with two new UCITS funds, the Omba Global Thematic Fund and Omba Global Equity Fund. Omba Advisory & Investments is a UK-based manager serving family offices,…
Category: NTRS
Zodia and Northern Trust to support Invesco’s new Bitcoin ETP
Invesco, the U.S.-based asset manager with USD1.5trn AuM, has launched a Bitcoin ETP on Xetra that is aimed sophisticated investors looking to gain exposure to the cryptocurrency. The Invesco Physical Bitcoin ETP will be 100pct backed by holdings in the underlying digital assets, with the aim of delivering the price performance of Bitcoin, less a…
Pendal expands relationship with Northern Trust
Northern Trust has been appointed to deliver a range of asset services to the Pendal Group Limited across Australia, UK and Ireland. Northern Trust has also expanded the services it performs for Pendal’s business in the U.S. The appointment by Pendal, a global investment manager with AuM of AUD139.2bn (USD104.4bn), covers its wholly owned subsidiary…
Northern Trust Canada hires two seniors from RBC
Northern Trust Canada has appointed Kim Stevens as CFO. Prior to Northern Trust, she worked at Royal Bank of Canada and TD Bank. Edouard Strew has joined as a senior relationship manager, based in Montréal. He joins from RBC, where he spent more than 15 years.
Northern Trust to support new CCF for Storebrand
The Asset Management Exchange (Ireland) Limited has launched a tax transparent common contractual fund for Storebrand Asset Management, the Nordic manager which has NOK1,058bn (USD120bn) AuM in both private and public markets. AMX provides the fund structure, the management company and the operational set-up, and facilitates the tax reclaim process. This enables UK pension funds…
Northern Trust supports Castelnau
Northern Trust and Carey Olsen, the specialist offshore law firm, have supported Castelnau Group Limited with its IPO on the London Stock Exchange. The Guernsey-domiciled investment company, managed by Phoenix Asset Management, was recently launched on the LSE following a GBP178m (USD245m) IPO. Castelnau is focused on investing in both public and private companies with…
Northern Trust partners with Snowflake
Northern Trust and Equity Data Science (EDS), in which Northern Trust has a strategic stake, have collaborated with Snowflake, the data cloud company, to enhance secure data sharing and onboarding for asset servicing clients using Northern’s Investment Data Science capabilities. Leveraging Snowflake’s data-sharing and cloud technology, Northern Trust and EDS can provide a better, faster…
Northern Trust deploys ML to research for asset allocators
Northern Trust has launched a feature within its Front Office Solutions business that uses machine learning to help asset allocators gain better control of their research process. The new feature leverages knowledge of a user’s past behaviour to tag research management documents with intelligently suggested attributes before uploading them to the Front Office Solutions platform.…
Clayton Da Silva joins FAB in senior client management role
Clayton Da Silva has joined First Abu Dhabi Bank as head of securities services client management, based in Abu Dhabi. He was previously at Northern Trust, and has also worked for J.P. Morgan and BBH.
Northern Trust & Emerald to deploy Broadridge Private Market Hub
Northern Trust and Emerald Technology Ventures have agreed to deploy the Broadridge Private Market Hub to improve visibility and reduce transaction friction to interact in real-time for Guernsey-domiciled funds. The hub, which was originally developed by Northern Trust, was transferred to Broadridge Financial Solutions, Inc. in 2019. It uses DLT to help solve the challenge…