The Illinois Firefighters’ Pension Investment Fund (FPIF) has selected Northern Trust to provide custody services for the combined pension assets of approximately 300 firefighter pension funds across suburban Chicago and downstate Illinois. Created by the Illinois Pension Code in 2019, the FPIF is responsible for consolidating, managing and investing the assets of municipal and fire…
Category: NTRS
State Street confirms ART deal
State Street has confirmed the news that first broke last year that it has been appointed to provide custody, investment administration and data management services to Australian Retirement Trust (ART), one of Australia’s largest super funds. ART was formed by the merger of Sunsuper and QSuper and manages >AUD230bn (USD160bn) in retirement savings for its…
Zodia moves into Japan with SBI
Zodia Custody, the UK-based crypto asset servicing provider for institutional investors, and SBI Digital Asset Holdings Co., Ltd. have entered into definitive agreements to launch a joint venture in Japan. Subject to anti-trust and foreign direct investment clearances, and licences from the Japanese regulator, the Financial Services Agency, the joint venture will act as a…
Zodia adds to BD team
Suren Ravindra has joined Zodia Custody as a business development manager, based in the UK. He was previously at Digivault.
Northern Trust hires from JPM
Northern Trust has appointed Natalie Leaver as head of asset owner business development, UK & Ireland. She replaces Ian Hamilton, who has been appointed head of UK asset owners, succeeding Mark Austin, who has been named pensions sector lead for EMEA. She joins from J.P. Morgan, where she spent 17 years, most recently as head…
NZ Super renews with Northern Trust
New Zealand’s sovereign wealth fund, the NZD58.7bn (USD37.2bn) NZ Super Fund, has renewed its longstanding asset servicing and custody relationship with Northern Trust, which will continue to provide global custody, compliance monitoring and securities lending services. The fund first appointed Northern Trust in 2007.
Zodia appoints new CEO
Zodia Custody, the UK-based crypto custody service from Standard Chartered in association with Northern Trust, has appointed Julian Sawyer as its new chief executive. Sawyer takes over from Maxime de Guillebon, who was seconded from Standard Chartered’s innovation unit, SC Ventures, in 2020. Sawyer was most recently CEO of Bitstamp, a crypto exchange.
Northern Trust adds to fund services team
Northern Trust has confirmed the appointment of Steven Reydel as head of North America fund accounting and Michael McMaster as head of North America fund administration. Reydel was most recently head of BBH’s global fund accounting operations team and the fund accounting product executive. McMaster was chief tax officer – head of global fund services…
Viridium hires CTO from Citi
Jörg Günther has joined Viridium, a specialist in the management of life insurance portfolios, as chief technology officer. He was previously with Citi, where he was global head of securities services technology, joining in 2019 from Northern Trust, where he was CTO for EMEA and chief information officer for its Corporate & Institutional Services business
Northern Trust partners with Saphyre
Northern Trust and Saphyre have automated the account opening process for clients of Northern Trust’s investment operations outsourcing business. The two firms collaborated on the solution, which provides a dynamic middle-office function to increase transparency and efficiency for events including account setup, account maintenance and asset transfer requests.