Northern Trust has retained and expanded its mandate with AMF Tjänstepension AB (AMF), a Swedish pension provider. Under the renewed agreement, Northern Trust, which has serviced AMF for more than 20 years, will continue to serve as custodian for AMF’s global pension assets and add investment operations for trade services across AMF’s total portfolio, for…
Category: NTRS
Struan Malcolm joins BNPP
Struan Malcolm has joined BNP Paribas’ securities services business as head of Nordic sales & client coverage for institutional investors. Malcolm, who is based in Stockholm, spent nearly 12 years at Northern Trust before joining Fundrella in 2023.
AP3/AP4 retool with SimCorp
The third and fourth Swedish National Pension Funds (AP3 & AP4) have completed a comprehensive modernisation of their system infrastructure through a new, integrated front-to-back solution from SimCorp. This replaces multiple systems that support the entire workflow – from analysis and order placement to portfolio management, risk, performance, compliance, and financial reporting. The transition to…
Northern Trust reshuffles leadership team
Northern Trust has made a number of leadership appointments, effective January 1, 2026. Clive Bellows, president of EMEA, and Guy Gibson, global head of institutional banking & markets, have been appointed co-presidents of Asset Servicing, succeeding Teresa Parker, who will retire after more than 40 years with Northern Trust. Melanie Pickett, head of asset servicing…
NTRS reports strong NA AO growth
Northern Trust has further strengthened its market-leading asset owner franchise in North America, reporting robust new business growth with pensions, endowments and other institutional asset owner clients, securing >100 mandates across key global markets in 2025. The new business represents > USD385bn in assets (as of Nov. 30, 2025).
Covercy partners with NAV
Covercy, a provider of end-to-end investment management solutions for commercial real estate, has formed a partnership with NAV Fund Services, a U.S.-based administrator with USD350bn AuA. The partnership combines Covercy’s integrated investment management and banking platform with NAV’s fund administration capabilities, providing clients with a full-service solution for fund accounting, reporting, and investor servicing. The…
Northern Trust wins AJ Bell mandate
Northern Trust and Carne Group have been appointed by AJ Bell, a UK-based asset manager and investment platform provider, to provide asset servicing and ACD services. Northern Trust will provide custody, depositary and fund administration services for AJ Bell’s in-house managed funds, with Carne as the funds’ ACD. The funds have a combined AuM of…
Northern Trust wins Osmosis mandate
Northern Trust has been appointed by Osmosis Investment Management NL B.V. to provide middle office support including investment operations outsourcing, collateral management and currency management. Osmosis NL is an affiliate of UK-based Osmosis Investment Management UK Limited.
Avanda expands with NTRS
Northern Trust has expanded its fund services relationship with Avanda Investment Management, supporting its implementation of the mandate granted by Monetary Authority of Singapore (MAS) as part of the Equity Market Development Programme (EQDP). Northern Trust will provide investment operations outsourcing, fund administration and investment risk and analytical services, building on a relationship with Avanda…
NTRS taps Broadridge for class action service
Northern Trust is expanding its global asset recovery capabilities with Broadridge’s proprietary global class action technology, enabling clients to optimise claim recoveries and increase engagement in settlement processes. Enhancements available with the new service include expanded coverage for more than 35 markets and, for the first time, support for opt-in markets where claimants can elect…