Northern Trust increases global brokerage with Aviate acquisition

Northern Trust deal will increase its reach in trading and transition management businesses.

Northern Trust has announced the acquisition of Aviate Global LLP as it aims to strengthen its global trading and transition management services.

 The deal, which is subject to regulatory approvals, will see Northern Trust acquire the global institutional equity brokerage who focus on market research and offering trading and execution services.

“This transaction aligns with our commitment to provide clients with a comprehensive set of solutions to meet their investment servicing needs, said Michael O’Grady, president of corporate and institutional services at Northern Trust.

“We look forward to expanding our brokerage capabilities in EMEA and APAC to better serve our institutional and Global Family Office clients globally. Our clients also will benefit from the deep expertise and sophisticated trading solutions from the Aviate Global team.”

Guy Gibson, co-founder of Aviate Global also spoke about the acquisition.

“We look forward to leveraging Northern Trust’s strong global brand and full range of asset management, asset servicing and wealth management services.”