Northern Trust has been appointed by Valverde Investment Partners Pte Ltd. to provide custody, fund administration, FX and cash management services for its newly formed Variable Capital Company (VCC) fund, along with its sub-fund, ASEAN+ Fund (VAPF). Valverde is a newly established, Singapore-based, independent investment management firm specialising in ASEAN equities.
Category: NTRS
NTAM outsources to Waystone
Northern Trust Asset Management (NTAM) has outsourced its ETF business to Waystone ETFs. The single ETF, NTAM’s USD287.4m FlexShares Listed Private Equity UCITS, will now be hosted on Waystone ETF’s ICAV platform. NTAM will continue as the investment manager for the ETF. Northern Trust’s asset servicing unit will continue to act as custodian and administrator.
Beighton joins Waystone
Wayne Beighton has joined Waystone as a managing director, based in the UK. He was previously at HSBC, and has also worked at Northern Trust and State Street.
BBH expands data solutions team
BBH has added to its Infomediary Data Solutions sales and relationship teams in the U.S. and Europe. The growth of the team follows BBH’s recent launch of an expanded suite of data solutions aimed at streamlining the operating models of asset managers, asset owners, and financial institutions. Laura Ghaemian joins as a senior sales manager…
CLAM consolidates with Northern Trust
Northern Trust has been selected by Canada Life Asset Management (CLAM) for asset servicing solutions including middle office outsourcing, global custody, securities lending, fund administration and depositary services. Northern Trust’s appointment consolidates the provision of all CLAM middle office solutions with a single service provider and includes the provision of both IBOR and data solutions.…
21Shares appoints Zodia
Zodia Custody has been appointed by 21Shares, the Switzerland-based ETP issuer, to provide custody services for their physically-backed ETPs in Switzerland and the wider European market.
Northern Trust hires from BNY
Northern Trust has hired Jim Corbett as a senior relationship manager for the asset owners segment. Based in the U.S., he joins from BNY, where he spent nearly nine years.
FINBOURNE hires UK sales director
Sara Gilbert has joined FINBOURNE, the UK-based fintech, as sales director in the UK. She was most recently at SS&C, and has also worked at Northern Trust and FIS, inter alia.
NAB invests in Zodia
Zodia Custody, the digital asset custodian, has received an investment from NAB Ventures, the venture arm of NAB. Zodia is owned by SC Ventures, in association with Northern Trust.
NZ Super expands with Northern Trust
The New Zealand Superannuation Fund has expanded its relationship with Northern Trust to include data services through its data warehouse solutions offering. Northern Trust has provided the NZ Super Fund with global custody and compliance monitoring services since 2007 and securities lending services from 2019. Northern Trust Asset Management has provided investment management services to…