Among its new clients include Hannover RE, one of the world’s largest reinsurance firms, where it will provide global custody and collateral management services.
Tag: Northern Trust
A new study has showed a total £56 billion was invested in less tax-efficient funds by UK pension schemes in 2019.
The pension fund said it selected Northern Trust for global custody and asset servicing based on the bank’s client service and technology.
The survey of 300 global asset managers found 85% have outsourced or are interested in outsourcing their trading desk.
Northern Trust will also support Sancta Capital’s trading programme through its outsourced agency-only brokerage service.
Datum One Series Trust follows the custodian’s Advisers Investment Trust, launched in 2011, has grown to approximately $18 billion.
Northern Trust has been appointed the global custodian for the University of Victoria (UVic) to service its CAD$ 2 billion of pension and foundation assets.
Chicago-headquartered custodian has created a service to cover all points of the investment lifecycle with landmark BlackRock partnership becoming a key component of the plan.
The new solution designed in partnership with Lumint will enable greater oversight of thoughts of daily data points in the currency management lifecycle.