COVID-19 crisis is accelerating outsourcing among asset managers who face a myriad of additional challenges such as competition, fee pressure and regulation.
Tag: Northern Trust
Front-office unit continues to grow in clients and personnel as Northern Trust bolsters team.
Survey of 300 global asset managers by Northern Trust found 85% have outsourced or are interested in outsourcing their trading desk.
Northern Trust has created a service to cover all points of the investment lifecycle with landmark BlackRock partnership 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.
Former Deutsche Bank and Goldman Sachs executive to lead the enterprise technology business unit across EMEA at Northern Trust as new CTO.
The global pandemic is likely to cause a spike in outsourcing and according to custodian banks the biggest trend so far has been towards their outsourced trading services.
Neil Dacey, head of trading at Genesis Investment Management, has joined the Northern Trust trading desk to oversee emerging markets as part of the deal.
David Byne and William Hartlett join the sales team for the global foreign exchange solutions business at Northern Trust for North America.
Ardevora Asset Management will shut its internal trading desk as of April next year with head of trading, Neil Bond, expected to leave around the same time.