Terri Van Praagh is to retire from Northern Trust after a 41-year career in financial services. Van Praagh, who was most recently chief operating officer of Northern Trust’s global fund services business in the UK, will be replaced by Paul Smith, who is currently head of the GFS transformation office. He will report to Laurence…
Category: NTRS
Railpen taps BK for data management
Railpen, the fiduciary and investment manager of the UK railways’ pension schemes, has appointed BNY Mellon to provide a cloud-based data platform that aims to simplify its data architecture and support the resilience of its operating model. The platform will deliver greater insights from Railpen’s proprietary data for investment reporting and analytics. Railpen is responsible…
Zodia wins ETC ETP mandate
ETC Group has appointed Zodia Custody to support its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP, a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index. The ETP is fully backed by the underlying digital assets, and counterparty risk is negated through an independent trustee.…
NTRS selects FINBOURNE
Northern Trust has selected FINBOURNE Technology, the UK-based fintech, to provide valuations and reporting capabilities for its enterprise global technology. Northern Trust will leverage FINBOURNE’s cloud-native financial data management solution, LUSID, and data virtualisation engine, Luminesce, to modernise its valuations and reporting functions and provide enhanced service delivery to clients.
NTRS appoints new Lux chief
Northern Trust has appointed Olivier Noël as country head of Luxembourg and leader of its Luxembourg-based asset servicing business. He replaces Steve David, who left to join FundBank. Noël also assumes the position of CEO of Northern Trust’s European Union (EU) bank, Northern Trust Global Services SE, following approval by its board. He will become…
SAMI consolidates with NTRS
Sanlam Asset Management (Ireland) Limited (SAMI) has appointed Northern Trust to provide fund administration, transfer agency, custody, depositary and FX services. SAMI is an investment management platform managing funds domiciled in Ireland valued at USD8.7bn. It is part of the Sanlam financial services group headquartered in South Africa. Northern Trust is now the sole provider…
Leadership changes at Northern Trust
Northern Trust has appointed Clive Bellows, currently head of EMEA Global Fund Services (GFS), as president, EMEA. The move is pending regulatory approval. Bellows will succeed Teresa Parker, who plans to retire at midyear, following a 42-year career at Northern Trust. Upon taking the EMEA president role, Bellows will join Northern Trust’s management group and…
Northern Trust hires from BNY Mellon
Jacquelynne Anderson has joined Northern Trust to head relationship management for the asset owners business line, based in London. She was most recently at BNY Mellon, where she spent more than 12 years, both in UK and South Africa.
True Potential for Northern Trust
Northern Trust has been appointed to provide asset servicing services to True Potential, a UK-based wealth management firm, supporting GBP26bn (USD33bn) of AuM. Northern Trust is providing fund accounting, custody, depositary and transfer agency services to True Potential’s OEIC UK-domiciled fund range. This range supports all True Potential’s investment products and assets under management.
IQ-EQ hires industry veteran
IQ-EQ, the Luxembourg-based administrator, has hired industry veteran John Gout as Continental Europe sales director for funds & institutional asset owners. He joins from BNP Paribas where he was a senior business development manager, responsible for sales management, client relationship development and project management. He has also worked at J.P. Morgan, Northern Trust and Citi.…