Northern Trust has expanded its relationship with Driehaus Capital Management, a U.S.-based asset manager. Northern Trust will provide fund accounting, fund administration, regulatory administration, transfer agency and global custody services to the Driehaus Mutual Funds. Northern Trust was appointed in 2009 to provide global custody and related services to Driehaus entities, including the Driehaus Mutual…
Category: NTRS
Northern Trust hires Caroline Hwang to lead client services in Hong Kong
Northern Trust has appointed Caroline Hwang to lead client services for its asset servicing business in Hong Kong, Macau and Taiwan. Hwang is responsible for managing Northern Trust’s client service team for institutional asset owners as well as developing and implementing strategy across these markets. Based in Hong Kong, Hwang reports to Michael Wu, country…
Northern Trust wins GBP11bn Marks & Spencer pension fund
Northern Trust has been selected by Marks & Spencer Pension Trust (M&SPT) in the UK to provide a range of asset servicing solutions to the M&S Pension Scheme, a defined benefit pension scheme of which M&SPT is trustee. With GBP11bn of assets (USD14.3bn), the M&S Pension Scheme is one of the country’s 25 largest corporate…
Paul McDonough joins State Street’s asset owner sales team
Paul McDonough has joined State Street as a managing director in the asset owner sales division. He joins from Northern Trust, where he spent 13 years in the corporate & institutional services group as a new business development officer within the asset servicing division.
Federated Mutual selects Northern Trust for USD7bn custody mandate
Northern Trust has been selected by Federated Mutual Insurance Company to provide global custody and cash management services for over USD7bn of insurance assets.
Northern Trust launches portal for Canadian benefit plan participants
Northern Trust Canada has launched an online portal, Benefit Payment Participant Passport, enabling advanced automation for participants of Canadian benefit plans. The portal allows pension and benefit plan participants to access their program information in real time, 24 hours a day, seven days a week, in French or English. The self-service option supplements mailings, call…
Northern Trust makes management appointments for ME&A
Northern Trust has made two appointments to its Middle East & Africa asset servicing business. The new positions are based in Abu Dhabi, UAE. Justin Miller has been appointed head of relationship management for the Middle East & Africa. He was previously head of client management for securities lending for EMEA. Chris Dulieu has been…
Northern Trust adds reporting functionality to Front Office Solutions
Northern Trust has released two new reporting capabilities – valuation status and advanced client reporting – for its Front Office Solutions clients. The new FOS valuation status tool enables institutional investors to more accurately measure current portfolio values and issues alerts when prices are updated. The advanced client reporting tool allows users to customise report…
Northern Trust launches cloud-based insurance reporting service
Northern Trust has launched a cloud-based reporting application for its insurance investment accounting and analytics services solution for U.S. insurance companies. The platform incorporates Northern Trust’s interactive digital interface with the SAP Financial Asset Management (FAM) system to provide an end-to-end solution covering all asset classes. The solution allows insurance companies to: Identify trends, risks…
Northern Trust appoints senior officers for ME&A
Northern Trust has appointed Areej Al-Mokbel as chief operating officer for the Middle East and Africa, responsible for overseeing business operations in Riyadh and Abu Dhabi. Al-Mokbel has spent over 12 years working in asset management and asset servicing, holding senior management and business leadership positions with HSBC Saudi Arabia. Prior to that, she held…