People Moves Monday: A string of senior hires
The past week saw appointments from B2C2, BlackRock, SocGen, State Street, Sterling Trading Tech and Northern Trust.
The past week saw appointments from B2C2, BlackRock, SocGen, State Street, Sterling Trading Tech and Northern Trust.
Among the new appointments are several promotions from within the firm, as Northern Trust looks to strengthen its global capital markets business.
The firm’s improved Investment Analysis module of its Front Office Solutions platform will increase data capacity, improve performance, and offer more flexibility and visualisation for custom reporting.
The move will provide buy-side participants with web-based tools to manage research and commission budgets.
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.
As part of a scheme by the Monetary Authority of Singapore, Northern Trust is the latest major bank to launch an eFX trading and pricing engine in the region.
The new client wins signify a growing acceptance among asset managers to use custodians for a range of front-office services.
Northern Trust will be responsible for equity and fixed income trading, as well as, middle office trade settlement support for the $12 billion asset management firm.
Northern Trust has won a unique servicing mandate from US hedge fund Strategic Global Advisors, where it will provide middle-office outsourcing and FX dealing.
Landmark move in the institutional crypto space as Northern Trust and Standard Chartered collaborate on missing piece of the puzzle for investors eyeing digital assets.