Northern Trust has expanded its relationship with First Sentier Group, being appointed as fund administrator for First Sentier Investors Global Growth Funds, a Singapore unit trust offering. Under the mandate, Northern Trust will provide custody, fund accounting and transfer agency services. The move represents an expansion of a broader global relationship which began in 2006.
Category: NTRS
NT signs with Lukka
Northern Trust has entered into an agreement with Lukka to deliver a digital asset reporting capability. Lukka provides institutional-grade digital asset data infrastructure, software, and analytics. Under the agreement, Northern Trust will leverage Lukka’s platform to support connectivity across >100 blockchains and >400 centralised exchange and decentralised exchange sources, along with custodians, OTC desks, wallets,…
NAV signs for NTRS’ banking APIs
Northern Trust has launched APIs for its banking services, providing asset servicing banking clients with real-time access to data and services through automated connectivity. The API solution enables clients to integrate banking data directly into their operational workflows. NAV Fund Services, a U.S.-based fund alternative fund administrator, is the first client to implement the new…
NTRS to service Harding Loevner’s first U.S. ETF
Northern Trust has been appointed by Harding Loevner to provide ETF servicing solutions for its first U.S. ETF, the International Developed Markets Select Equity ETF. This is believed to be Northern Trust’s first ETF servicing mandate in the U.S., covering custody, fund accounting, fund administration and transfer agency, alongside ETF-specific services such as basket creation,…
Dawson appoints Northern Trust
Northern Trust has been appointed by Dawson Partners to provide fund administration and other related services. Dawson Partners is an alternative asset manager focused on private markets. Headquartered in Toronto, with offices in London, New York and Hong Kong, the firm manages >USD27bn.
Prescient hires from NTRS
Prescient Fund Services has appointed Nicola Gerety as Ireland country head. She replaces Emily Davy, who will continue to serve on the boards of Prescient Fund Services Ireland and its fund platforms. Gerety was previously at Northern Trust.
Invesco expands with NTRS
Northern Trust has been appointed by Invesco to provide administration, custody and depositary services for its new Ireland-domiciled index tracking mutual fund range, Invesco Markets V ICAV. The new fund range is designed to make Invesco’s swap-based (synthetic) approach to index replication available to mutual fund investors in Europe via investment platforms and other institutional…
Wally Barys takes new role at U.S. Bank
Walter (Wally) Barys has been appointed head of custody for asset managers at U.S. Bank. Barys, who joined in 2017 from Northern Trust, successfully transformed U.S. Bank’s agent bank network to move away from the BNY white label model. He will report to Alan Flanagan, global head of investment services.
NTRS supports inaugural TirNua fund
Northern Trust has been appointed by TirNua Capital Partners to provide fund administration, depositary and banking services for the firm’s inaugural infrastructure fund. The fund has secured EUR340m (USD390m) in commitments at first close. The Ireland-domiciled fund is structured as a closed-end Investment Limited Partnership (ILP). Headquartered in Dublin, TirNua is a private markets investment…
Northern Trust to support Frontier ICIO
Frontier Advisors, an Australia-based advisor covering AUD900bn (USD631bn) of assets across the superannuation, charity, public sector, insurance and higher education sector, is preparing to launch its ICIO (independent chief investment officer) service to the Australian market. Frontier has appointed Northern Trust to provide asset servicing for ICIO clients. Northern Trust will provide global custody and…