Northern Trust has expanded its front office solutions product set to include a suite of risk management capabilities, enabling asset owners to review and assess the operational strengths and risks of investment managers, including those managing alternative strategies such as hedge funds, private equity funds, real assets and direct investments. The operational risk management solutions…
Category: Bank Providers
Northern Trust hires Gil Platteau for Switzerland client role
Northern Trust has appointed Gil Platteau to the senior leadership team in Switzerland. Based in the Basel office, Platteau will manage key client relationships with Swiss pension funds and insurance companies. Platteau was most recently at Mercer Delegated Solutions, where he was country head of Switzerland.
BNY Mellon opens Jeonju, Korea office to support NPS
BNY Mellon has opened a representative office in Jeonju, Korea. This follows its 2018 appointment as global custodian for the fixed income assets of National Pension Service of Korea (NPS), which is based in Jeonju. NPS, which oversees South Korea’s public pension assets, is the world’s third largest pension fund. As of April 2019, it…
BNP Paribas wins EUR8.6bn Pensioenfonds PostNL mandate
BNP Paribas Securities Services has been selected by Pensioenfonds PostNL to provide custody and value-added services. Pensioenfonds PostNL is the company pension fund of PostNL, and has a total asset base of EUR8.6bn. The mandate, effective from 1 January 2020, covers custody, investment accounting, investment compliance, regulatory reporting, and performance and risk analytics services.
BNY Mellon strengthens EMEA private markets team
BNY Mellon has strengthened its EMEA private markets team with the appointments of Greg Kok and Robert Burchett-Coates. Kok joins as director, private equity, real estate, debt and infrastructure, and will be based in Luxembourg. He was previously at Maitland, where he was head of management company services. Based in London, Burchett-Coates joins as director,…
Northern Trust boosts TM business with two hires In Australia
Northern Trust has made two appointments in its capital markets business. Mat Cook has been appointed to lead Northern Trust’s transition management offering across Asia-Pacific, based in its Sydney office. Cook joins from State Street, where he worked for the past nine years as a transition manager. Rob Dixon joins the transition management team in…
Northern Trust appoints Grace Hayman for senior ANZ SL role
Northern Trust has appointed Grace Hayman as senior relationship manager for its securities lending business in Australia and New Zealand. Based in Sydney, Hayman will also be responsible for leading securities lending business development activities across the region. Hayman was most recently based in Northern Trust’s Singapore office where she managed the Southeast Asian securities…
Doug Guzman appointed group executive for RBC I&TS
Following the departure of Harry Samuel, the CEO of RBC Investor & Treasury Services, Francis Jackson has assumed the newly created role of CEO of the investor services business globally. Jackson initially reports to Doug McGregor, CEO of RBC Capital Markets and group head, RBC Capital Markets and RBC I&TS. Following McGregor’s retirement in January…
BNY Mellon launches 24×5 ETF dealing for Irish funds
BNY Mellon has introduced extended dealing hours for Irish-domiciled UCITS ETFs to support the distribution of these products globally. Known as 24×5 ETF Dealing, hours are extended to ETF issuers through BNY Mellon’s transfer agency hubs in Singapore and Syracuse, New York. This means issuers can now deal Irish UCITS ETFs from Monday morning in…
Northern Trust launches securities loan pricing engine
Northern Trust has developed a securities lending pricing engine that uses machine learning and advanced statistical techniques to support revenue growth for clients by more effectively forecasting loan rates.