Northern Trust has become the custodian-of-choice for UK local government pension funds, having won eight other LGPS mandates.
Northern Trust Hedge Fund Services and Hazeltree launch new automated cash management service for investment managers.
The launch comes one year after Northern Trust partnered with IBM in first commercial deployment of blockchain for the private equity market.
The combined service brings together a global custodian, a CSD and an asset servicing agent into a single T2S offering.
Madeleine Senior, who has served as country head for almost three years, will take on a new leadership role in London.
Northern Trust secured a number of key custody mandates over the year, as well as completing the acquisition of UBS Asset Management’s fund services businesses.
Citadel’s Omnium software development team will join Northern Trust.
Edwin Chan joins Northern Trust in which he will focus on accelerating sales for the custodian’s alternative asset servicing business.
The hire follows the appointment of Craig Blackbourn from Nomura as head of transition management EMEA in January.
Andrew Brown joins Northern Trust from Tesco Pensions Investments where he worked in a consulting role.