Northern Trust has been appointed to provide asset servicing solutions to CK Capital Partners, a Netherlands-based fund manager that is an affiliate of Cohen & Company, a U.S. financial services firm. CK is a private markets commercial real estate investment manager. Services provided by Northern Trust will include fund administration, global custody, financial reporting and…
BlackRock has appointed Citi to provide middle office functions for USD4trn in U.S.-domiciled iShares ETFs on the Aladdin platform. The integrated operating model streamlines the lifecycle of an ETF order, offering enhanced transparency into basket composition, order status, and settlement. In 2021 Citi won a USD920bn ETF servicing mandate from BlackRock as the manager rebalanced…
Adam Watson has joined DTCC as managing director and head of asset services. He will lead the strategic direction, performance, and modernisation of DTCC’s global asset services business, overseeing operational delivery, product innovation, regulatory engagement, and client experience. He will report to Brian Steele, MD & president, clearing & securities services at DTCC. He joins…
Northern Trust has added Berenberg to its framework of dynamic currency hedging solutions, enabling Northern Trust’s clients to incorporate third-party currency management strategies, such as Berenberg’s AI based models, into their range of risk management choices. Berenberg is one of Europe’s oldest banks and is among the leaders in applying AI to financial markets. Its…
Northern Trust has expanded its collateralised loan obligation (CLO) middle office services for institutional clients. The addition of compliance indenture monitoring and waterfall calculation capabilities to its Omnium platform builds on Northern Trust’s existing outsourced middle office functions for structured debt, which include loan closing, treasury and real-time data shares. The new capabilities provide a…