Northern Trust has appointed Julie Zhu to lead its asset servicing business in China. Zhu, who is based in Beijing, assumes the role of branch manager from Michael Wu, who was most recently country executive for Greater China. She will report to Angelo Calvitto, who was recently appointed head of the Asia-Pacific region. Zhu, who…
Category: NTRS
ConBrio appoints Northern Trust and NatWest
ConBrio Fund Partners Ltd, a UK-based ACD, has appointed Northern Trust for custody and fund accounting, and NatWest Trustee and Depository Services for depository services. ConBrio was advised by Cooper Wood & Associates.
Martin Currie migrates investment ops to Northern Trust
Martin Currie Investment Management has completed the migration of outsourced investment operations functions to Northern Trust for its book of assets managed from UK offices in Edinburgh and London. These include performance measurement and client reporting activities that were previously managed inhouse. Owned by Franklin Resources, Martin Currie is a long-term global equity growth investor…
Angelo Calvitto to head Northern Trust’s asset servicing business in APAC
Northern Trust has named Angelo Calvitto to lead its asset servicing business in Asia Pacific. Calvitto, who was most recently country head for Northern Trust in Australia, will succeed William Mak, who is retiring from the company after 11 years. Calvitto will be based in Melbourne.
Northern Trust launches upgrade of Rec Dashboard
Northern Trust has launched a new version of its Rec Dashboard, a workflow tool that provides a real-time view of breaks and reconciliations in trade activity between asset managers and other institutions. Rec Dashboard is hosted within Omnium, a Northern Trust middle- and back-office technology platform for fund administration. The enhanced tool is available to…
Northern Trust wins USD26bn UK Coal mandate
Northern Trust has been appointed to provide a range of asset servicing solutions to the UK’s Coal Pension Trustees Services Limited (CPT). CPT is the in-house executive company owned by the British Coal Staff Superannuation Scheme and the Mineworkers’ Pension Scheme – two closed defined benefit schemes representing members who previously worked in the UK…
Northern Trust hires Arthur Hill to head asset servicing product management
Northern Trust has hired Arthur Hill as head of product management for asset servicing. Based in Chicago, Hill reports to Paul d’Ouville, head of asset servicing product and client solutions. Hill joins from Capgemini, where he was a senior director for its global insurance and financial services group.
Northern Trust wins admin mandate for Guernsey VC fund
Northern Trust in Guernsey has been appointed by venture capital firm BB Pureos Bioventures to provide fund administration and banking services for its first fund, BB Pureos Bioventures LP, with commitments of USD205m. Carey Olsen advised Pureos Bioventures on all legal and regulatory aspects of the fund’s launch as a Guernsey-domiciled closed-ended fund.
Northern Trust completes acquisition of Parilux
Northern Trust has completed its acquisition of Parilux Investment Technology, LLC, following its initial investment in the firm in 2018. Northern Trust’s Front Office Solutions business integrates Parilux’s software with a proprietary cloud-based web and mobile interface.
Northern Trust launches Omnium Event Manager
Northern Trust has launched Omnium Event Manager, a web-based workflow tool designed to provide asset managers and asset owners with a consolidated view of corporate action and dividend events affecting fund portfolios, enabling them to coordinate with brokers and custodians to respond effectively to the voluntary events. The Event Manager platform leverages global Omnium services…