Northern Trust has been selected by the Firefighters’ Retirement System of Louisiana to provide asset servicing and data analytics capabilities for the USD2.4bn fund.
Category: NTRS
Nest moves to Northern Trust
Northern Trust has been appointed by Nest as its new fund administrator, replacing the current provider when the contract expires in October 2025. Northern Trust will provide services including custody, asset allocation and rebalancing, and performance measurement. Nest was set up to ensure every UK employer could offer a workplace pension to their employees. It…
NTRS wins Cornerstone FTM mandate
Cornerstone FTM, a fintech-focused investment fund, has selected Northern Trust and its strategic partner, Equity Data Science (EDS), for the Research Management System (RMS) and Portfolio Construction solutions. Cornerstone will also leverage Northern Trust’s custody and hedge fund administration services, and data visualisation and ingestion capabilities from EDS. RMS and Portfolio Construction are data-driven tools…
New Silk Road outsources trading
Northern Trust has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for New Silk Road Investment Pte Ltd., a Singapore-based investment manager. In addition to the new mandate for trading services, Northern Trust continues to provide global custody services for New Silk Road funds, which it has done since 2011.
6 Monks appoints Zodia
6 Monks has become the first AIFM authorised to manage third-party digital assets funds, following recent approval from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). This marks the first time professional investors in European jurisdictions have been permitted to invest directly into digital assets through a regulated or semi-regulated AIF. 6 Monks has appointed…
Northern upgrades SAP
Northern Trust has upgraded its SAP Financial Asset Management application to SAP S/4HANA, which enhances its insurance investment accounting and analytics services solution, developed to support the full spectrum of investment accounting and regulatory reporting needs for U.S. insurance companies and corporate and endowment markets. The upgrade incorporates Northern Trust’s interactive digital interface with SAP…
Northern hires for Lux
Northern Trust has appointed Raphaël Remond as deputy CEO of its continental European bank, Northern Trust Global Services SE. He reports to Olivier Noël, CEO of NTGS SE and country head for Luxembourg. Remond was previously COO of LIOR Global Partners, and also spent more than 25 years at State Street.
Hamilton joins M&G
Dorothy Hamilton has joined M&G, the UK asset manager, as director of supplier management. She was previously global head of securities services operations for HSBC, based in Edinburgh. In 2023 Richard Godfrey, formerly co-head of HSBC’s securities services business, joined M&G as COO of the asset management business. Earlier in 2024 HSBC hired Mitesh Sharma…
Northern Trust appoints Paulin to new role
Northern Trust has appointed Gary Paulin to the newly created role of head of international enterprise client solutions. Paulin will focus on strengthening relationships with key Northern Trust clients across EMEA and AsPac at the highest levels of their organisations. Paulin, who was most recently head of global strategic solutions for asset servicing, will continue…
Waystone gets FCA approval for LTAF
Waystone, the European provider of specialist services to the asset management sector, has confirmed that the FCA, a UK regulator, has approved the WS Fulcrum Diversified Private Markets (H) Long Term Asset Fund (LTAF), a sub-fund of the WS Fulcrum LTAF. Waystone is the first independent ACD to have an LTAF approved by the FCA.…