UK - Northern Trust has launched a fund accounting service, a move designed to expand their European presence.
The new practice will complement Northern Trust’s existing fund administration capabilities as part of the Global Fund Services (GFS) business in Europe.
Toby Glaysher, head of European GFS Strategy said: “Our entry into the market at this time represents a progressive evolution. We will look to capitalise on the synergies that naturally exist between the custody and fund accounting businesses.”
Northern Trust has hired Gary Hewitt, previously of the Bank of New York, and Sarah Noone, formerly with Smith and Williamson to staff the fund accounting centre.
Hyperbolic discounting and political temptation: Why Brexit-fuelled AE reversal would be a 'monumental' mistake
The home secretary has suggested AE should be scrapped in the event of a no-deal Brexit. Darren Philp explains why this would be misguided
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.