Northern Trust now offers operational risk consulting (ORC) as part of its front office solutions business. ORC provides management consulting with a focus on investment operations, including advice on operating model enhancements and risks, technology and system evaluations, vendor and service provider assessments, and operational process gap analysis. Vincent Molino, head of operational risk management…
Category: NTRS
Northern Trust to service new Osmosis CCF in Ireland
Northern Trust has been selected by Osmosis Investment Management, a UK-based manager, to provide fund administration, global custody and depositary services for the Osmosis Resource Efficient Core Equity (ex-fossil fuels) Fund in a UCITS common contractual fund (CCF). The Osmosis UCITS CCF is supported by Prescient Fund Services (Ireland) Limited, which serves as its Irish-regulated…
Northern Trust adds Venn to investment analytics suite
Northern Trust has entered into a strategic agreement with Two Sigma to offer Venn, a cloud-based investment analytics platform, to its clients. Venn by Two Sigma will help Northern Trust provide asset allocators with enhanced portfolio insights and analytics designed to help investment teams make more confident asset allocation, manager selection and quantitatively driven investment…
Northern Trust’s currency management services gain traction
Northern Trust reports strong demand for its currency management services, with a number of significant new mandates over the past 12 months. Newly onboarded clients including Blackwall Capital Investment AG, Kieger AG and TT International Asset Management Limited, in addition to significantly expanded services for existing clients including AMX (The Asset Management Exchange) and Rockefeller…
Northern Trust expands performance reporting for Middle East
Northern Trust has enhanced its investment performance reporting services to deliver Sunday to Friday investment returns for clients with Middle East mandates. This latest development enables Middle East-specific performance data to be reported with greater depth of analytics and timeliness for local markets.
Northern Trust signs deal with NQR
Northern Trust has entered into an agreement with National Quality Review (NQR) to provide U.S. mutual fund managers with access to NQR Intermediary INSIGHT, a service that helps managers support their operational oversight of intermediary firms – entities that facilitate financial transactions between investors and investment products. Under the terms of the agreement NQR will…
Northern Trust to provide TM services to Standard Bank clients
Standard Bank, Africa’s largest bank, has signed a memorandum of understanding with Northern Trust to partner on the delivery of transition management services across Southern Africa. Under the partnership, Standard Bank’s clients will gain access to Northern Trust’s full suite of transition management services.
BNY Mellon launches digital assets unit
BNY Mellon has established a Digital Assets unit that will accelerate the development of solutions and capabilities to help clients address growing and evolving needs related to the growth of digital assets, including cryptocurrencies. The cross-functional, cross-business team, which will be led by Mike Demissie, head of Advanced Solutions at BNY Mellon, is currently developing…
Northern Trust takes equity stake in Equity Data Science
Northern Trust has reached an agreement to take an equity stake in Equity Data Science, Inc., a cloud-based analytics platform that provides decision support tools to asset managers for idea generation, portfolio construction and risk management. The deal will integrate EDS decision support tools with Northern Trust’s core technology platforms, and is an extension of…
Northern Trust opens in Norway
Northern Trust has opened a branch in Oslo, Norway. The branch will offer onshore depositary services to Norwegian asset managers and asset owners. The opening follows its reappointment by the NOK 790bn (USD92bn) Kommunal Landspensjonskasse (KLP), Norway’s largest life insurance firm. Under the terms of the renewed mandate with KLP, Northern Trust will provide a…