In Australia, Northern Trust has been appointed to provide global custody and related services for LeavePlus, the portable long service leave scheme for Victoria’s construction industry. LeavePlus manages approximately AUD2.6bn (USD1.8bn) in assets and supports more than 30,000 employers in providing long service leave benefits to over 290,000 eligible workers in Victoria’s construction industry. Under…
Category: NTRS
Northern Trust hires head of insurance, EMEA
Northern Trust has appointed Andy Ponsford as head of insurance, Europe, Middle East and Africa. In this newly created role, Ponsford will lead the continued expansion of Northern Trust’s insurance servicing capabilities across the region, helping to deliver an integrated operating model designed to support the operational, accounting, investment and regulatory needs of insurance companies.…
Dowling re-joins NTRS
Kieran Dowling has re-joined Northern Trust as head of strategic clients, private markets, for EMEA, based in Luxembourg. He reports to Olivier Noel, head of private markets, EMEA, and country head, Luxembourg. Dowling was briefly at Fundbank after a 20-year career at Northern Trust.
UBS transfers to Northern Trust
UBS has reached an agreement to extend its long-standing fund administration relationship with Northern Trust and transfer its fund administration businesses. Under the new agreements, subject to regulatory approvals, UBS’s Swiss and Luxembourg ManCo’s will extend their existing fund administration agreement with Northern Trust to include investment funds that are currently serviced by UBS, which…
JOHCM expands with NTRS
Northern Trust’s Integrated Trading Solutions (ITS) outsourced trading desk has been appointed by J O Hambro Capital Management (JOHCM), a global equities specialist manager with GBP16.8bn (USD22.7bn) AuM, as sole provider of outsourced trading services. The appointment extends the reach of JOHCM’s trading across global markets and time zones, widens the liquidity and broker networks…
NTRS expands Singapore unit trust offering
Northern Trust has expanded its Singapore unit trust offering through a relationship with Perpetual (Asia) Limited. Together, the firms provide investment managers with access to a comprehensive servicing solution for Singapore unit trust structures, combining Northern Trust’s custody, fund administration and middle-office outsourcing capabilities with Perpetual’s trustee services. Perpetual (Asia) Limited is part of the…
NTRS adds Warwickshire
Northern Trust been appointed by Warwickshire Pension Fund, a UK local government pension scheme with GBP3.6bn (USD4.8bn) in pension assets, to provide global custody, valuation reporting, capital call execution and performance measurement services.
HSBC appointed head of SS in Luxembourg
HSBC has appointed Steve David as head of its securities services business in Luxembourg. David is an industry veteran who spent 20 years at Northern Trust, latterly as head of its Luxembourg business, and joins from IRACE (formerly FundBank) where he was CEO of Luxembourg.
First Sentier adds to NT mandate
First Sentier Group has appointed Northern Trust as fund administrator and depositary for its Irish fund, the First Sentier Investors Global Umbrella Fund Plc. Northern Trust will provide custody, depositary, fund accounting and transfer agency for the USD14bn Irish fund structure.
NT hires AO sales executive
Northern Trust’s asset servicing business has hired Ambrice Miller as head of sales, asset owners, EMEA, based in the UK. She joins from FTSE Russell.