Northern Trust is expanding its global asset recovery capabilities with Broadridge’s proprietary global class action technology, enabling clients to optimise claim recoveries and increase engagement in settlement processes. Enhancements available with the new service include expanded coverage for more than 35 markets and, for the first time, support for opt-in markets where claimants can elect…
Category: NTRS
Northern Trust wins IFFEd mandate
Northern Trust has been appointed by the Switzerland-based International Finance Facility for Education (IFFEd) to provide global custody services. The World Bank acts as asset manager for IFFEd.
NTRS appoints global head of TA
Northern Trust has appointed Josh Lovell as global head of TA and investor servicing. Based in Boston, he reports to Nadia Ivanova, head of accounting and fund services. He previously spent 10 years at State Street.
NTRS signs MoU in Brunei
Northern Trust has signed an MoU with Universiti Brunei Darussalam (UBD) to develop digital and fintech talent and strengthen academic-industry collaboration. The MoU establishes a framework for Northern Trust and UBD to work together on research and development initiatives in areas such as digital assets, the application of AI, and emerging financial market trends. These…
BNY hires Zita
BNY has hired Tom Zita as senior director, alternatives client coverage. He reports to Dylan Curley, client coverage global head of alternatives for the asset servicing business. Zita was previously at Northern Trust.
Cooper leaves Northern Trust
After just over two years at Northern Trust, Duncan Cooper has left to run his own business. He was chief data officer at Northern Trust, and has also worked at BNY and HSBC. He is based in the UK.
NTRS to support Brandes Australia fund
Northern Trust has expanded its relationship with Brandes Investment Partners (Asia) Pte Ltd, part of the Brandes group of companies that includes Brandes Investment Partners L.P, to support the launch of the Brandes Global Value Fund in Australia, providing global custody and fund administration. Brandes, a California-based investment advisory firm, has been a Northern Trust…
Northern Trust hires Jess Donohue
Northern Trust has hired Jessica Donohue as head of product management for asset servicing. Based in Boston, she reports directly to Teresa Parker, asset servicing president. Before taking a break from the industry, Donohue was at State Street, latterly as global head of the asset owner segment.
Timeline expands with Northern Trust
Timeline, the UK-based fintech platform for financial advisers, has launched its first multi-asset fund, following regulatory approval by the Financial Conduct Authority. Northern Trust Asset Management has been appointed as the sub-investment manager on the fund-of-funds structure, continuing a relationship with Timeline which began in 2021 with a mandate to manage pooled investments. Northern Trust…
NTRS wins new mandates
Two new mandates for Northern Trust: It has been selected by the State of New Mexico Educational Retirement Board (NMERB) to provide asset servicing solutions to the USD18.5bn fund, including custody, accounting, post-trade compliance, performance measurement and advanced support for alternative and derivative investments as well as financial reporting. Northern Trust has been appointed to…