Northern Trust has launched its Integrated Trading Solutions fixed income outsourced trading capability in APAC, provided through Northern Trust Securities in Australia. Northern Trust now offers 24/6 fixed income trading coverage from desks based in Chicago, London and Sydney.
Category: NTRS
Northern Trust makes senior management changes
Northern Trust has announced a number of leadership changes, effective Oct. 1, 2024. Pete Cherecwich, president of asset servicing, will become chief operating officer. In this newly created role, Cherecwich will focus on ensuring operational excellence and resiliency, effective risk management and controls, and scalable growth. Teresa Parker will defer her previously announced retirement and…
FINBOURNE raises funds
FINBOURNE Technology, a fintech specialising in data management for the investment sector, has completed a secondary funding round. This follows a Series B funding round of GBP55m (USD72m) in June 2024 and brings the total to over GBP100m (USD131m). It allows for six investors to follow-on from their original investment and four additional investors to…
Collett joins Citco
Mark Collett has joined Citco as an SVP, business development, based in the UK. Collett spent over 12 years at Northern Trust, most recently as head of South East Asia business development.
NTRS adds energy to platform
Northern Trust has upgraded its platform to support asset managers who trade spots, forwards, futures and physical contracts in energy and physical commodities. The new energy and physical commodities offering will be available through Omnium, Northern Trust’s middle office and accounting platform.
NDF appoints Northern Trust
The National Development Fund (NDF) has appointed Northern Trust in Saudi Arabia as custodian. Northern Trust will support consolidation of the assets and books and records of all development funds and banks in the Kingdom of Saudi Arabia under a unified portfolio estimated at more than SAR60bn (USD16bn). The NDF was established to improve the…
Nedgroup Investments selects Northern Trust
Northern Trust has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for Nedgroup Investments, a global asset management firm with >USD20bn AuM. Nedgroup Investments is a division of Nedbank Group Ltd. Northern Trust will support Nedgroup Investments’ new in-house multi-boutique platform which specialises in fixed income. The premier fund on the…
NT wins new ITS mandate
True Potential, a UK-headquartered wealth management firm, has expanded its relationship with Northern Trust to include outsourced trading via its Integrated Trading Solutions solution. Northern Trust will assume the trading function across True Potential’s internally managed funds with approximately GBP6.1bn (USD7.8bn) AuM. Northern Trust currently provides fund accounting, transfer agency, custody and depositary services to…
Waystone ETFs hires senior sales director
Waystone, the UK-based provider of specialist services to the asset management industry, has appointed Kevin Schrader as senior sales director of Waystone ETFs. He joins from Boston Partners Global Investors where he was responsible for the wholesale distribution of active value equity strategies in the UK. Waystone ETFs, which is led by CEO Paul Heffernan…
Northern Trust hires in Singapore
Northern Trust has hired Kai Jebens as head of client development, Southeast Asia, and Chris Vera as senior digital solutions consultant, APAC, for its asset servicing business. Both are based in Singapore. Jebens previously held positions at Collibra, BNY, and FIS, inter alia. Vera previously worked at BlackRock, AIA, and BNY, amongst others.