Category: NTRS

Northern Trust has been appointed by Legal & General to provide depository and fund administration services for its recently launched Private Markets Access Fund, which integrates a UK Long Term Asset Fund (LTAF) as a core component. The fund aims to offer 5.2 million DC scheme members the opportunity to obtain diversified exposure to private…

Northern Trust has been appointed by Valverde Investment Partners Pte Ltd. to provide custody, fund administration, FX and cash management services for its newly formed Variable Capital Company (VCC) fund, along with its sub-fund, ASEAN+ Fund (VAPF). Valverde is a newly established, Singapore-based, independent investment management firm specialising in ASEAN equities.

Northern Trust Asset Management (NTAM) has outsourced its ETF business to Waystone ETFs. The single ETF, NTAM’s USD287.4m FlexShares Listed Private Equity UCITS, will now be hosted on Waystone ETF’s ICAV platform. NTAM will continue as the investment manager for the ETF. Northern Trust’s asset servicing unit will continue to act as custodian and administrator.

BBH has added to its Infomediary Data Solutions sales and relationship teams in the U.S. and Europe. The growth of the team follows BBH’s recent launch of an expanded suite of data solutions aimed at streamlining the operating models of asset managers, asset owners, and financial institutions. Laura Ghaemian joins as a senior sales manager…

Northern Trust has been selected by Canada Life Asset Management (CLAM) for asset servicing solutions including middle office outsourcing, global custody, securities lending, fund administration and depositary services. Northern Trust’s appointment consolidates the provision of all CLAM middle office solutions with a single service provider and includes the provision of both IBOR and data solutions.…