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.
Category: NTRS
Northern Trust promotes Hamilton
Northern Trust has promoted Ian Hamilton, currently head of asset owners UK, to head of asset owners for Europe, a newly created role. Hamilton joined Northern Trust in 2016 from State Street.
Zodia partners with Deribit
Zodia Custody has partnered with Deribit, the world’s largest crypto options exchange by volume, to expand its Interchange network. Institutional clients will be able to access derivatives liquidity while their assets remain in Zodia Custody’s segregated cold wallets.
Coremont hires from Northern Trust
Coremont, the UK-based fintech, has appointed Lisita Shah as client service director. Prior to joining Coremont, she spent more than seven years at Northern Trust.
Zodia Markets to acquire Elwood business
Zodia Markets, a UK-headquartered digital asset trading business backed by Standard Chartered, has agreed with Elwood Technologies, a provider of digital asset execution and portfolio management software, to acquire Elwood Capital Management Ltd, Elwood’s digital asset OTC trading business based in Jersey, C.I., and regulated by the Jersey Financial Services Commission. Following completion of the…
Northern Trust to service L&G LTAF
Northern Trust has been appointed by Legal & General to provide depository and fund administration services for its recently launched Private Markets Access Fund, which integrates a UK Long Term Asset Fund (LTAF) as a core component. The fund aims to offer 5.2 million DC scheme members the opportunity to obtain diversified exposure to private…
Northern Trust wins VCC mandate in Singapore
Northern Trust has been appointed by Valverde Investment Partners Pte Ltd. to provide custody, fund administration, FX and cash management services for its newly formed Variable Capital Company (VCC) fund, along with its sub-fund, ASEAN+ Fund (VAPF). Valverde is a newly established, Singapore-based, independent investment management firm specialising in ASEAN equities.
NTAM outsources to Waystone
Northern Trust Asset Management (NTAM) has outsourced its ETF business to Waystone ETFs. The single ETF, NTAM’s USD287.4m FlexShares Listed Private Equity UCITS, will now be hosted on Waystone ETF’s ICAV platform. NTAM will continue as the investment manager for the ETF. Northern Trust’s asset servicing unit will continue to act as custodian and administrator.
Beighton joins Waystone
Wayne Beighton has joined Waystone as a managing director, based in the UK. He was previously at HSBC, and has also worked at Northern Trust and State Street.
BBH expands data solutions team
BBH has added to its Infomediary Data Solutions sales and relationship teams in the U.S. and Europe. The growth of the team follows BBH’s recent launch of an expanded suite of data solutions aimed at streamlining the operating models of asset managers, asset owners, and financial institutions. Laura Ghaemian joins as a senior sales manager…