Northern Trust has appointed Liam Butler as head of Northern Trust Hedge Fund Services in Europe.
Butler, who joined Northern Trust in 2011, most recently was managing director of Northern Trust Securities Services (Ireland), the division formed following Northern Trusts acquisition of Bank of Ireland Securities Services. Butler is a qualified solicitor and a member of the Incorporated Law Society of Ireland.
“Since the establishment of Northern Trust Hedge Fund Services we have seen an increasing demand in particular for our middle office services across the globe,” says Peter Sanchez, global head of Northern Trust Hedge Fund Services. “In his new role, Liam will build on our 20 year-experience of hedge fund administration in the region and ensure we continue to support our clients’ with the most innovative, leading-edge technologies.”
The Northern Trust Hedge Fund Services division itself was established in 2011 following Northern Trust’s acquisition of Omnium from Citadel.
Northern Trust says the division has gained 40 new clients across the globe since its inception, including most recently a mandate to handle middle- and back-office services for Bridgewater Associates $140 billion in assets under management.
“We understand that hedge fund managers in Europe face a number of challenges, many of which are rooted in the implementation of new regulations,” says Butler. “Our technology delivers real-time, transparent and consolidated data which supports them as they work to support the requirements of regulations such as the AIFMD, UCITS and FATCA.”
(CG)