Northern Trust is six months in to the launch of its custody-agnostic front-office solutions business, led by a former client of the Chicago-based bank.
Tag: asset owners
The front office solutions business went live in February this year to meet the growing investment, operational and technological needs of its larger asset owner clients.
The new role will involve being responsible for helping drive China sales growth from Americas buy-side clients.
Tough quarter for Boston-based custodian as revenues from asset servicing fees and assets under custody both drop.
The Danish pension fund giant put out an RFP to custodians in late 2018 with its current contract due to expire later this year.
A number of bank-owned fund administration business are looking to capitalise on the rapid growth in private markets.
Northern Trust reported it had brought on 22 insurance clients with approximately $65 billion in assets over the last two years at the end of 2018.
State Street has made a series of enhancements in support of asset owners, as it prepares to onboard buy-side clients to its front-to-back model.
Despite unfavourable conditions for the global custody industry as a whole in the first few months of the year, Ron O’Hanley, State Street’s new CEO, sees untapped opportunities.