The launch of the outsourcing trading service for asset owners and asset managers made Northern Trust the first custodian to take on certain buy-side trading functions.
SS&C’s Bill Stone takes home Lifetime Achievement award as Pershing, Trident Trust, Ultimus, Digital Asset, BNP Paribas and Morgan Stanley all win big.
GC announces the four nominees who will compete for the title of Global Custodian's North America Industry Person of the Year 2018.
Northern Trust launched the first commercial blockchain solution for private equity administration in 2017, and earlier this year won US patents for two additional services on the platform.
Northern Trust's Dane Fannin will relocate from Hong Kong to Chicago for the role, while Mark Snowdon has been promoted to head of capital markets APAC.
Assets under custody and administration (AuC/A) also jumped 7% for BNY Mellon to $34.5 trillion and 12% for Northern Trust to $10.8 trillion.
Margaret Law will be responsible for growing its regional client base and leading the adoption of CLS’s portfolio of products.
Private equity managers are increasingly turning to administrators and their ability to introduce new technologies to deal with mounting operational requirements.
The custodian will also look to deliver new capabilities across data aggregation, data enhancement and data analytics to support trading and execution.