IQ-EQ has appointed Michael Slater as managing director, Middle East, and Frédéric Ullens as managing director, Luxembourg. Based in Dubai, Slater joins after leaving Northern Trust, where he was most recently in charge of strategic relationships with EMEA financial institutions. He earned an excellent reputation for his work in the Middle East for the bank.…
Category: NTRS
NTRS receives banking licence in Ireland
Northern Trust has received a licence from the Central Bank of Ireland for the establishment of The Northern Trust Company, Ireland Branch. This new banking branch will provide a range of custodial, banking and capital markets services, including domestically regulated banking services for Ireland-domiciled clients. Its activities will complement those of Northern Trust Global Services…
NTRS to expand ETF product coverage
Northern Trust has applied for exemptive relief to offer ETF share classes alongside existing mutual fund share classes for certain adviser series within its two sponsored series trusts: Advisers Investment Trust and Datum One Series Trust. Subject to regulatory approval, the ability to offer ETF share classes alongside mutual fund share classes in a single…
Northern Trust promotions within asset servicing
Following the recent appointment of Clive Bellows and Guy Gibson as co-presidents of asset servicing, Northern Trust has made changes within its asset servicing business. Nick Gilbert has been appointed head of asset servicing, EMEA, a newly expanded role with responsibility for both asset owners and asset managers, aligning the EMEA region’s structure with Northern…
Northern Trust to support Calamos ETF
Following the recent launch of the first autocallable ETF in Europe by Calamos Investments, Northern Trust will support the new fund through its servicing relationship with the Waystone ETF ICAV, for which it provides fund administration, depositary and custody services.
SCERS selects NTRS
The Sacramento County Employees’ Retirement System (SCERS) has selected Northern Trust to provide a range of asset servicing and outsourced solutions, including global custody, securities lending, and accounting services. SCERS, a USD15bn multiple employer public retirement system established in 1941, serves eligible public employees of Sacramento County. Northern Trust will deliver integrated financial reporting and…
NTRS expands with Saphyre
Northern Trust has expanded its capabilities to support structured, rules-based workflows across the entire account lifecycle for investment operations outsourcing (IOO) clients. The enhanced offering builds on Northern Trust’s collaboration with Saphyre, a fintech company that facilitates account transitions to help clients more efficiently manage their complex middle-office operational events. The solution allows Northern Trust’s…
NTRS integrates with Canton Network
Northern Trust has entered into an agreement with Digital Asset Holdings to support the development of custody capabilities for tokenised financial assets. As part of this agreement, Northern Trust will integrate with Canton Network’s infrastructure to develop and deploy applications that bridge digital and traditional markets, supporting institutional grade custody and asset servicing workflows for…
Apex collaborates with Zodia
Apex has formed a collaboration between European Depositary Bank, an Apex company, and Zodia Custody, the institution-first digital assets platform with shareholders and investors including Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank, and Emirates NBD. The initiative, which is subject to the relevant regulatory approvals for EDB across Europe, will support the development…
NTRS wins HF mandate
Northern Trust Hedge Fund Services has been selected to provide middle office services and fund administration to Moorstone, L.P., an independent, directly registered investment advisor dedicated to investing in the global commodity supply chain. Under the engagement, Northern Trust is providing a suite of solutions via the Omnium platform, including middle office services, treasury and…