Robert Stenmark has joined Northern Trust to head its new Norwegian branch and lead its depositary services business in Norway. He joins from Handelsbanken.
Category: NTRS
Westwood outsources trading to Northern Trust
Northern Trust has been selected by Westwood Holdings Group to provide outsourced trading through its Integrated Trading Solutions service. In this role, Northern Trust will assume responsibility for equity and fixed income trading and middle office trade settlement support for the USD12bn asset manager.
Arti Sharma resurfaces at MJ Hudson Amaces
Arti Sharma has joined MJ Hudson Amaces, the FX and custodian benchmarking service, as a managing director, based in Canada. Sharma was one of the leading names in the North American custody industry before she stepped down from her role as president and CEO of Northern Trust Canada in 2020. She was also an executive…
Northern Trust wins MO mandate for FSI in Australia
Northern Trust has been appointed by First Sentier Investors (previously First State Investments), an Australia-based global asset manager with >AUD200bn (USD156bn) AuM, to provide middle office outsourcing services. FSI was acquired in 2019 by Mitsubishi UFJ from Commonwealth Bank.
Northern Trust selected by SGA for MO and FX outsourcing
Northern Trust has been selected by Strategic Global Advisors, LLC, a woman- and employee-owned institutional asset management firm headquartered in Newport Beach, California, to provide middle office outsourcing and outsourced foreign exchange dealing through its Complete FX service.
Northern Trust celebrates 20 years in Ireland
Northern Trust is celebrating 20 years since it established a presence in Ireland through its acquisition of Ulster Bank Investment Services. Northern Trust is the third largest provider of fund administration and custody services in Ireland, according to Monterey, employing more than 1,600 people in its offices in Dublin and Limerick. In 2011 Northern Trust…
Northern Trust appoints Dan Sleep to APAC market advocacy & innovation team
Northern Trust has appointed Dan Sleep to its market advocacy & innovation research team in Asia-Pacific, where he is responsible for driving engagement with industry and regulatory bodies and implementing digital innovation research projects across the region. Sleep is based in Singapore. He was previously derivatives practice lead in APAC.
Northern Trust makes senior management changes
Northern Trust is making some senior management changes across its asset servicing business. James Wright, who joined in 2016 from J.P. Morgan, is promoted to head the institutional investors group across EMEA, based in the UK. In the U.S., Peter Sanchez, who has run the hedge fund services business in North America since 2011, is…
SC and Northern Trust launch cryptocurrency custody solution
SC Ventures, the innovation and ventures unit of Standard Chartered, has entered into an agreement with Northern Trust to launch Zodia Custody, an institutional custody solution for cryptocurrencies. Zodia is designed to enable institutions to invest in the emerging cryptocurrency assets, including transaction and settlement activities. Under the agreement, which is subject to registration with…
Sands Capital consolidates Irish UCITS admin with Northern Trust
Sands Capital Management, a U.S.-based manager with USD58bn AuM, has selected Northern Trust to provide fund administration, transfer agency, depositary and global custody services for its USD6bn Ireland-domiciled UCITS umbrella fund. The appointment consolidates provision of all asset servicing functions for Sands Capital Funds Plc to Northern Trust. The mandate builds on Northern Trust’s existing…