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.
Category: NTRS
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.…
FundBank appoints CEO for Europe
Steve David has been appointed CEO of FundBank (Europe), an independent provider of banking and fund services for the alternatives sector. David spent nearly 20 years with Northern Trust, most recently as CEO of its global services business in Europe. Northern Trust has yet to announce a replacement for David.
Waverton outsources to Northern Trust
Waverton Investment Management, a UK-based manager with GBP9.1bn (USD11.6bn) AuM, has appointed Northern Trust to provide outsourced trading services through its Integrated Trading Solutions business. Northern Trust will cover equities, derivatives and fixed income assets as Waverton’s sole provider of trading services. The appointment followed a review by Waverton of its operating model intended to…
Northern hires global head of collateral
Northern Trust has appointed Barney Binder as global head of collateral. Based in London, he reports to Nadia Ivanova, head of business services for the asset servicing business. Binder joins from HSBC, and has also worked at Morgan Stanley.
Nebraska moves to Northern Trust
The Nebraska Investment Council (NIC) has selected Northern Trust to provide asset management and asset servicing solutions, including custody, portfolio analytics and securities lending, for its pension fund. The NIC is an independent state agency that manages USD37.5bn across 32 investment programs. NIC provides investment services to the state of Nebraska and is responsible for…
Zodia launches network solution
Zodia Custody, the digital assets custodian, has launched Interchange Connect, which it claims will make it the most connected custodian for institutional digital asset custody. Interchange Connect is a network of networks across the spectrum of institutional-focused digital asset custody services. Additionally, Zodia has established a collaboration with Copper’s Clearloop Network to provide greater optionality…
Zodia links to Metaco
Zodia Custody, the UK-based digital asset custodian, has integrated with Metaco, the Ripple-owned provider of digital asset infrastructure technology, to create a global network for institutions. The integration enables institutions to access Zodia Custody’s bank-grade custody solutions through Metaco.
Northern Trust confirms Nordic head
Northern Trust Asset Servicing has confirmed Petra Sjögerås as head of Nordic region, based in Stockholm. She joined in 2022 from SEB, and has been acting head of Nordics since April 2023. This follows the recent appointment of Mikkel Mördrup as head of sales for the region.
Costco appoints Northern Trust
Northern Trust has been selected by Costco Wholesale Corporation to provide custody, daily valuation and brokerage services for Costco’s defined contribution retirement plan, with USD29bn AuM. Headquartered in the U.S., Costco is the world’s third-largest retailer.