Northern Trust has upgraded its platform to support asset managers who trade spots, forwards, futures and physical contracts in energy and physical commodities. The new energy and physical commodities offering will be available through Omnium, Northern Trust’s middle office and accounting platform.
Category: NTRS
NDF appoints Northern Trust
The National Development Fund (NDF) has appointed Northern Trust in Saudi Arabia as custodian. Northern Trust will support consolidation of the assets and books and records of all development funds and banks in the Kingdom of Saudi Arabia under a unified portfolio estimated at more than SAR60bn (USD16bn). The NDF was established to improve the…
Nedgroup Investments selects Northern Trust
Northern Trust has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for Nedgroup Investments, a global asset management firm with >USD20bn AuM. Nedgroup Investments is a division of Nedbank Group Ltd. Northern Trust will support Nedgroup Investments’ new in-house multi-boutique platform which specialises in fixed income. The premier fund on the…
NT wins new ITS mandate
True Potential, a UK-headquartered wealth management firm, has expanded its relationship with Northern Trust to include outsourced trading via its Integrated Trading Solutions solution. Northern Trust will assume the trading function across True Potential’s internally managed funds with approximately GBP6.1bn (USD7.8bn) AuM. Northern Trust currently provides fund accounting, transfer agency, custody and depositary services to…
Waystone ETFs hires senior sales director
Waystone, the UK-based provider of specialist services to the asset management industry, has appointed Kevin Schrader as senior sales director of Waystone ETFs. He joins from Boston Partners Global Investors where he was responsible for the wholesale distribution of active value equity strategies in the UK. Waystone ETFs, which is led by CEO Paul Heffernan…
Northern Trust hires in Singapore
Northern Trust has hired Kai Jebens as head of client development, Southeast Asia, and Chris Vera as senior digital solutions consultant, APAC, for its asset servicing business. Both are based in Singapore. Jebens previously held positions at Collibra, BNY, and FIS, inter alia. Vera previously worked at BlackRock, AIA, and BNY, amongst others.
Northern Trust promotes Hamilton
Northern Trust has promoted Ian Hamilton, currently head of asset owners UK, to head of asset owners for Europe, a newly created role. Hamilton joined Northern Trust in 2016 from State Street.
Zodia partners with Deribit
Zodia Custody has partnered with Deribit, the world’s largest crypto options exchange by volume, to expand its Interchange network. Institutional clients will be able to access derivatives liquidity while their assets remain in Zodia Custody’s segregated cold wallets.
Coremont hires from Northern Trust
Coremont, the UK-based fintech, has appointed Lisita Shah as client service director. Prior to joining Coremont, she spent more than seven years at Northern Trust.
Zodia Markets to acquire Elwood business
Zodia Markets, a UK-headquartered digital asset trading business backed by Standard Chartered, has agreed with Elwood Technologies, a provider of digital asset execution and portfolio management software, to acquire Elwood Capital Management Ltd, Elwood’s digital asset OTC trading business based in Jersey, C.I., and regulated by the Jersey Financial Services Commission. Following completion of the…