Chicago-headquartered custodian see's top US asset servicing exec leave after spending three years driving its front-to-back-office solutions for buy-side clients.
The registration enables it to provide commercial services to clients as a crypto-asset business, a key milestone as it prepares to launch.
A Northern Trust survey found that 98% of buy-side firms are using data science or planning to pursue it to optimise performance in the next two years.
Mandate represents over $60 billion is assets as UK pension funds leverage a united scheme to make cost savings on their global custody agreement.
Intelligent document capture marks the first step in the custodian's alternative asset servicing plan, built on machine learning, artificial intelligence and cloud computing solutions.
New solution will allow Northern Trust’s clients to evidence oversight and accountability for meeting their regulatory obligations.
ESG analytics provided by Northern Trust will support M&SPT’s oversight, governance and reporting of investments.
The new Depotbank service will be led by Marco Wiegmann, who joined Northern Trust in September after 10 years spent with RBC I&TS.