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Northern Trust announces leadership changes
Steven L Fradkin, executive vice president and chief financial officer since 2004, has been named president of Northern Trust's Corporate and Institutional Services (C&IS) business unit. William L Morrison executive vice president and co-president of Personal Financial Services since 2003, will assume Mr Fradkin’s role as chief financial officer. Tim Theriault is stepping down as C&IS president to pursue interests outside of the financial services sector. Read more Northern Trust launches securities lending dashboard Northern Trust has launched a specialised securities lending technology and reporting platform designed to provide clients with transparent, continuous and timely information on their lending programme. Customised to each individual client, the reporting enhancements display as a dashboard on Northern Trust Passport™ and provide securities lending clients with key metrics without the need for running reports. Read more Northern Trust repurchases warrant related to US capital investment Northern Trust has repurchased for US$87 million the warrant issued to the US Treasury to purchase approximately 3.8 million shares of common stock as part of the TARP Capital Purchase Programme. Read more Capital call modelling tool for private equity investors Northern Trust has introduced an innovative reporting service that can help private equity investors anticipate cash flow requirements in the short and medium term, improving their ability to manage the liquidity challenges institutional investors face when presented with sudden demands for capital funding. Read more Enhanced transfer agency capabilities for UK and offshore funds Northern Trust has made a series of enhancements to its transfer agency product offering supporting asset managers in the UK, as well as offshore in Ireland, Luxembourg and the Channel Islands. The enhancements are part of Northern Trust’s aim to increase automation and provide increased straight-through processing for clients, resulting in improved risk management. Northern Trust research update: emerging managers hold performance edge amid market turmoil Small, entrepreneurial investment management firms maintained a performance advantage over larger, established firms through last year's historic market downturn, according to updated research on emerging investment managers announced in August by Northern Trust. Read more Northern Trust opens branch office in Stockholm Northern Trust has opened a branch office in Stockholm, Sweden, extending its offering to Nordic clients, with Madeleine Senior appointed as managing director. "Northern Trust has been servicing clients in the Nordics for close to 20 years and works with some of the most sophisticated premier institutional funds and investment managers in the region," said Biff Bowman, CEO of Northern Trust in Europe, Middle East and Africa (EMEA). "Establishing this base for Northern Trust in Stockholm is in line with our strategy of serving our clients as close to their home market as possible." Read more |
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