Category: NTRS

Northern Trust has entered into an agreement with Hamilton Lane, a private markets investment management firm, to provide its proprietary software Cobalt LP and integrated services to Northern Trust’s asset servicing clients. Under the agreement, Northern Trust will offer clients access to Hamilton Lane’s private market data, analytics, and tools through its suite of Northern…

Toby Glaysher has retired from Northern Trust after a 37-year career with the bank. He was most recently president of Global Fund Services. During his years of service at Northern Trust, he specialised in asset servicing, holding managerial and technical roles in both the back and front offices and in a number of locations, including…

2Xideas AG has expanded its relationship with Northern Trust to include Integrated Trading Solutions (ITS). The Switzerland-based investment firm, with c. USD2bn in AuM, first appointed Northern Trust in 2022 as the firm’s fund accounting, financial reporting, transfer agency, custody, and depositary services provider. The firm currently manages four funds and several managed accounts, which…

Northern Trust has launched the Northern Trust Carbon Ecosystem with the first live transactions on the blockchain-based platform which enables institutional buyers to digitally access carbon credits from leading project developers. The transactions were initiated by Water Recovery Systems IP Limited and CUT Carbon Distributed Technologies AG, which sold carbon credits to institutional buyers for…

Northern Trust has announced a number of leadership changes, effective Oct. 1, 2024. Pete Cherecwich, president of asset servicing, will become chief operating officer. In this newly created role, Cherecwich will focus on ensuring operational excellence and resiliency, effective risk management and controls, and scalable growth. Teresa Parker will defer her previously announced retirement and…

FINBOURNE Technology, a fintech specialising in data management for the investment sector, has completed a secondary funding round. This follows a Series B funding round of GBP55m (USD72m) in June 2024 and brings the total to over GBP100m (USD131m). It allows for six investors to follow-on from their original investment and four additional investors to…