Northern Trust has appointed Katie Pries as country executive for Northern Trust’s asset servicing business in Canada, based in Toronto. Pries previously served as president and CEO of Northern Trust Canada from 2020 to 2025. She succeeds Jeff Alexander, who has left Northern Trust to pursue other opportunities.
Category: NTRS
BNPP hires HF head
Peter Herrlin has joined the securities services business of BNP Paribas as global head of hedge fund services. Based in London, he reports to Patrick Hayes, global head of alternatives investors, securities services, and locally to Julien Kasparian, regional head for the UK and Middle East, securities services. He joins from Northern Trust.
Apex hires Canada country head
Apex has appointed Alex Dameski as country head for Canada. He joins from Northern Trust Canada, where he served as chief strategy officer and chief client officer.
AMF expands with Northern Trust
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…
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…