Northern Trust has partnered with IdealRatings to enhance its analytical capabilities for investors’ environmental, social and governance (ESG) risk exposures. The ESG Analytics Summary provides investors with periodic snapshot analysis across their equity and corporate bond portfolios, setting out investment scores against a range of ESG factors, UN global compact principles and business activity flags.
Category: NTRS
Northern Trust hires Alison Pain as CTO for EMEA
Northern Trust has named Alison Pain as chief technology officer (CTO) for Europe, Middle East & Africa. Based in London, Pain will lead the planning, organisation, direction and control of the enterprise technology business unit across EMEA. She reports to Tom South, chief information officer at Northern Trust, with a local reporting line to Teresa…
Genesis IM takes Northern’s ITS solution for global equities
Northern Trust is to provide its Integrated Trading Solutions service to UK-based Genesis Investment Management for global equity trading. Neil Dacey, head of trading at Genesis, will take up a management role in Northern Trust’s trading team overseeing emerging markets execution. This builds on Northern Trust’s existing fund administration and custody relationship with Genesis for…
NTRS reports bump in UK pension fund assets
Northern Trust reports that AuC for UK pension funds grew by more than USD72bn in 2019. The bank provides custody and related services to more than 270 UK pension funds with collectively more than USD851bn AuC.
NTRS hires Sara Gilbert to head European alternatives bus dev
Northern Trust has hired Sara Gilbert as senior executive for alternatives business development in Europe. Based in Luxembourg, she reports to Douglas Gee, head of sales for EMEA. Gilbert joins from AltaReturn in Hong Kong. She previously held roles at SS&C, SunGard/FIS, PerTrac, Financial News and the Financial Times.
Northern Trust to provide integrated trading solutions for Illinois Municipal Retirement Fund
18FEB20: Northern Trust has been appointed by the Illinois Municipal Retirement Fund to provide its Integrated Trading Solutions package, including outsourced trading and middle office functionality, for a domestic equity portfolio managed internally by IMRF, the state’s second-largest public retirement plan. Northern Trust and IMRF have a more than 30-year relationship. Northern Trust provides global…
Arti Sharma leaves Northern Trust
Arti Sharma, president & CEO of Northern Trust Canada, has left the firm. Sharma joined Northern Trust in 2013. There is no word of her next move.
Northern Trust deploys IHS Markit’s technology for syndicated bank loans
Northern Trust has automated processing of the full trade settlement lifecycle for syndicated bank loans through integration with IHS Markit’s ClearPar Custodian Services Messaging capability. Designed to deliver trade data in a standardised format via secured communications, this service increases scalability and efficiency while reducing the risks inherent in a manual trade settlement process. The…
Storebrand appoints Northern Trust in Luxembourg
Northern Trust has been selected by Nordic investment manager Storebrand Asset Management AS as asset servicing provider for its AIF and UCITS funds domiciled in Luxembourg. Northern Trust will provide global custody, fund administration, transfer agency, depositary, and company secretarial services for the Storebrand funds in Luxembourg. The UCITS umbrella fund will operate a number…
Northern Trust launches Margin Segregation service for OTC derivatives
Northern Trust has expanded its collateral management services for OTC derivatives trading. The new functionality will enable asset managers and institutional investors to outsource aspects of regulatory compliance to Northern Trust and optimise collateral selection. The Margin Segregation Service includes new capabilities that streamline complex processes for meeting uncleared margin rules, such as undertaking industry-standard…