Northern Trust has made two appointments in its capital markets business. Mat Cook has been appointed to lead Northern Trust’s transition management offering across Asia-Pacific, based in its Sydney office. Cook joins from State Street, where he worked for the past nine years as a transition manager. Rob Dixon joins the transition management team in…
Category: Bank Providers
Northern Trust appoints Grace Hayman for senior ANZ SL role
Northern Trust has appointed Grace Hayman as senior relationship manager for its securities lending business in Australia and New Zealand. Based in Sydney, Hayman will also be responsible for leading securities lending business development activities across the region. Hayman was most recently based in Northern Trust’s Singapore office where she managed the Southeast Asian securities…
Doug Guzman appointed group executive for RBC I&TS
Following the departure of Harry Samuel, the CEO of RBC Investor & Treasury Services, Francis Jackson has assumed the newly created role of CEO of the investor services business globally. Jackson initially reports to Doug McGregor, CEO of RBC Capital Markets and group head, RBC Capital Markets and RBC I&TS. Following McGregor’s retirement in January…
BNY Mellon launches 24×5 ETF dealing for Irish funds
BNY Mellon has introduced extended dealing hours for Irish-domiciled UCITS ETFs to support the distribution of these products globally. Known as 24×5 ETF Dealing, hours are extended to ETF issuers through BNY Mellon’s transfer agency hubs in Singapore and Syracuse, New York. This means issuers can now deal Irish UCITS ETFs from Monday morning in…
Northern Trust launches securities loan pricing engine
Northern Trust has developed a securities lending pricing engine that uses machine learning and advanced statistical techniques to support revenue growth for clients by more effectively forecasting loan rates.
Northern Trust launches investment analytics tool
Northern Trust has launched a new investment analytics tool to provide institutional investors with further insights when tracking and analysing risk and performance across their portfolios. This latest enhancement – Performance RADAR – is a proprietary reporting tool offering an intelligent user experience for accessing performance, attribution, contributions and ex-post risk results online across individual…
Citi merges equities with PFSS business
30JUL19: Citi is merging its equities and prime, futures and securities services business lines. The motivation, in part, is in reaction to increasing client demand for end-to-end solutions supporting pre-trade, execution and post-trade. The new organisation – Equities and Securities Services (ESS) – will include broad trading and execution capabilities for electronic and complex structured…
UAE-based Introspect Capital appoints Northern Trust
29JUL19: Dubai-based asset manager Introspect Capital has appointed Northern Trust to provide global custody and brokerage services. Founded in 2017, Introspect Capital invests primarily in equities across the Middle East, North Africa and South Asia.
Northern Trust launches agency options trading desk
25JUL19: Northern Trust has established a dedicated options trading desk within its institutional brokerage business. The Chicago-based options desk provides institutional clients globally with options trading and streamlined reporting for prime brokerage. Options trading at Northern Trust is offered through an agency model with no principal trading operation. Northern Trust executes more than USD350bn notional…
Leadenhall Capital Partners appoints U.S. Bank as Irish UCITS depositary
23JUL19: U.S. Bank has been appointed as depositary services provider for the Leadenhall UCITS ILS Fund PLC. In this role, U.S. Bank will provide asset safekeeping, fiduciary oversight and cash monitoring to Leadenhall Capital Partners LLP. Through its global fund services business, U.S. Bank will also act as the principal administrator of fund accounting, financial…