Northern Trust has appointed Areej Al-Mokbel as chief operating officer for the Middle East and Africa, responsible for overseeing business operations in Riyadh and Abu Dhabi. Al-Mokbel has spent over 12 years working in asset management and asset servicing, holding senior management and business leadership positions with HSBC Saudi Arabia. Prior to that, she held…
Category: NTRS
Northern Trust confirms Jane Western as COO of FOS
Northern Trust has confirmed Jane Western as chief operating officer of its Front Office Solutions (FOS) business. FOS is an integrated digital and service solution focused on enabling enhanced data integration, collaboration and portfolio analysis for complex asset owners such as endowments, pension funds and family offices. Western has served as interim COO since December…
Northern Trust adds ESG reporting capabilities
Northern Trust had added new capabilities to its ESG risk exposure analytics to include new reporting for key environmental data categories. The enhancement enables Northern Trust’s clients to interrogate specific environmental risk indicators for their investments. It also delivers a new ESG Insights: Environment report, providing investors with access to environmental analytics using a range…
Northern Trust & BondEvalue complete first fractionalised bond trade in Singapore
Northern Trust and BondEvalue have completed the first trade of a fractionalised blockchain-based bond. The trade of a blockchain-based bond, known as BondbloX, was executed on BondEvalue’s platform, with Northern Trust as the exclusive asset servicing provider. This comes after the two parties established a strategic partnership in 2019 to deliver integrated asset servicing and…
Northern Trust wins three European insurance mandates
Northern Trust has won three new mandates from European insurers. Hannover Re, the German reinsurer, appointed Northern Trust to provide collateral management and global custody services for its longevity risk transfer business. AND-E, a European subsidiary of the Japanese insurance group MS&AD, appointed Northern Trust to provide global custody and related asset servicing solutions for…
Northern Trust wins Azimut mandate for DIFC funds
Northern Trust has been appointed by Azimut (DIFC) Limited to provide asset servicing and portfolio reporting for its Dubai International Financial Centre (DIFC) funds in the Middle East. Northern Trust will deliver portfolio reporting and local servicing in the local time zone directly from the United Arab Emirates. Azimut (DIFC) Limited is part of the…
Northern Trust appointed by Carpenters Trusts for USD2.2bn mandate
Northern Trust has been appointed by Carpenters Trusts of Western Washington, a Seattle-based self-administered Taft-Hartley trust, to provide global custody, securities lending, foreign exchange and related services for USD2.2bn in trust assets.
UAE’s Sancta Capital Advisors picks Northern Trust for custody & brokerage
Northern Trust has been selected by Dubai-based asset manager Sancta Capital Advisors to provide brokerage and global custody services. Sancta Capital is part of Sancta Capital Group, an alternative investment manager founded in 2013. Sancta Capital will use Northern Trust’s agency-only brokerage service, in addition to global custody for local and global mandates.
Northern Trust launches new series trust
Northern Trust has launched Datum One Series Trust, the second trust it now offers. Advisers Investment Trust, launched in 2011, has grown to approximately USD18bn in assets. The series trusts allow managers to focus on distributing their funds under their own brand name and marketing strategy while leveraging Northern Trust’s infrastructure and back-office services.
UVic appoints Northern Trust in Canada for CAD2bn custody mandate
The University of Victoria (UVic) has appointed Northern Trust Canada to provide trustee, global custody, pension benefit payments and associated services for approximately CAD2.0bn in pension and foundation assets.