Northern Trust has been appointed to provide a range of asset servicing solutions to the UK’s Coal Pension Trustees Services Limited (CPT). CPT is the in-house executive company owned by the British Coal Staff Superannuation Scheme and the Mineworkers’ Pension Scheme – two closed defined benefit schemes representing members who previously worked in the UK…
Category: NTRS
Northern Trust hires Arthur Hill to head asset servicing product management
Northern Trust has hired Arthur Hill as head of product management for asset servicing. Based in Chicago, Hill reports to Paul d’Ouville, head of asset servicing product and client solutions. Hill joins from Capgemini, where he was a senior director for its global insurance and financial services group.
Northern Trust wins admin mandate for Guernsey VC fund
Northern Trust in Guernsey has been appointed by venture capital firm BB Pureos Bioventures to provide fund administration and banking services for its first fund, BB Pureos Bioventures LP, with commitments of USD205m. Carey Olsen advised Pureos Bioventures on all legal and regulatory aspects of the fund’s launch as a Guernsey-domiciled closed-ended fund.
Northern Trust completes acquisition of Parilux
Northern Trust has completed its acquisition of Parilux Investment Technology, LLC, following its initial investment in the firm in 2018. Northern Trust’s Front Office Solutions business integrates Parilux’s software with a proprietary cloud-based web and mobile interface.
Northern Trust launches Omnium Event Manager
Northern Trust has launched Omnium Event Manager, a web-based workflow tool designed to provide asset managers and asset owners with a consolidated view of corporate action and dividend events affecting fund portfolios, enabling them to coordinate with brokers and custodians to respond effectively to the voluntary events. The Event Manager platform leverages global Omnium services…
Northern Trust to administer new USD9bn Coller Capital PE fund
Coller Capital, a UK-based investor in the private equity secondary market, has launched a USD9bn fund, Coller International Partners VIII. Investor support came from over 200 of the world’s leading institutional investors. Northern Trust, which has a 25-year relationship with Coller Capital, has been appointed to provide fund administration, banking and depositary services for the…
Northern Trust to establish eFX pricing engine in Singapore
Northern Trust is to establish a new electronic foreign exchange (eFX) pricing engine in Singapore, in partnership with the Monetary Authority of Singapore. This will be Northern Trust’s first eFX engine in Asia-Pacific.
Northern Trust promotes James Wright to lead IIG EMEA
Northern Trust has named James Wright as head of its institutional investor group (IIG) for EMEA. Wright was previously head of IIG UK, Middle East & Africa. IIG provides services to over 330 clients with collectively USD2.3trn AuC across EMEA. David Wicks, who previously led IIG Europe as part of his European remit, has left…
Penny Biggs to retire from Northern Trust
Penny Biggs, who has had a stellar 20+ year career at Northern Trust, is to retire. Biggs, who was most recently chief strategy officer for the corporate & institutional services business, has held a variety of senior roles, including head of the institutional investor group for EMEA, and head of international distribution for asset servicing…
Northern Trust’s FOS business adds two seniors
Northern Trust’s Front Office Solutions business has hired Nichole Mann as head of operations administration and Nora Tiller as head of client solutions. Mann will be responsible for functions including operational data governance, data quality and process oversight, policy development, and data analysis. Prior to joining Northern Trust, Mann worked at Calculated Valuation. Tiller will…