Tag: Northern Trust

Marisa Kurk will oversee operations of the global foreign exchange business at Northern Trust.

Guy Gibson named as global head of institutional brokerage and Anna Ranaldi appointed as global chief operating officer for institutional brokerage business.

Ernesto Arteta, formerly a senior trader at Northern Trust, has been promoted to lead FX sales in the Americas.

Northern Trust’s director of strategy for asset servicing warned at InvestOps USA that asset owners are a less obvious competitor for the buy-side, as insourcing assets could become more popular.

Paul Fyda joins Northern Trust Global Foreign Exchange in New York, and will work with the firm’s currency trading desks globally.

Northern Trust will provide custody, depository, fund accounting and FX services to the investment trust, and fund administration to Mobius Emerging Markets Fund vehicle.

Northern Trust has agreed to acquire Chicago-based FX algo trading platform and global liquidity aggregator provider, BEx.

The custodian will also look to deliver new capabilities across data aggregation, data enhancement and data analytics to support trading and execution.

The move is the latest effort by custodians to expand into the front-office; however, Northern Trust is the first to take on certain trading activities for asset managers.

Northern Trust is currently providing accounting services for select clients that have a small portion of their assets in  cryptocurrencies.