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Showing 131 - 140 of 277 results for northern trust

Northern Trust to clear high-value payments

KANIKA SOOD  |  WEDNESDAY, 25 SEP 2019
Northern Trust has become a member of Australia's High Value Clearing System (HVCS), which clears big-ticket payments averaging $2.5 million for a total of $100 billion every day. The custody bank will now be able to settle its own high value payment ...

Northern Trust tests waters for ETFs

KANIKA SOOD  |  THURSDAY, 19 SEP 2019
... and research around that. I am not in a position to put a timeframe on it but it is [something under review]." Northern Trust is the sixth-largest custodian in Australia with more than $400 billion in assets under custody and prime contracts for many ...

Northern Trust chair defends Woodford loan

ELIZABETH MCARTHUR, KANIKA SOOD  |  TUESDAY, 17 SEP 2019
Northern Trust chair and chief executive Michael O'Grady has defended the company giving an embattled Neil Woodford fund added flexibility on a £150 million loan. The British fundie famously took to YouTube to apologise to investors after his fund ...

Northern Trust embroiled in YouTube fundie saga

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
Northern Trust will have to approve any investments made by Neil Woodford, who famously took to YouTube to apologise for the suspension of his fund, in a fresh blow for the fundie. On Friday, Woodford Patient Capital Trust announced to the London Stock ...

Northern Trust hires from State Street

KANIKA SOOD  |  TUESDAY, 3 SEP 2019
Northern Trust has poached an experienced transition manager from State Street for its Sydney office as it builds the business locally. Matt Cook has been appointed to lead Northern Trust's transition management offering across Asia Pacific from ...

J.P. Morgan loses custody contract

KANIKA SOOD  |  FRIDAY, 12 JUL 2019
... fund has appointed a new custodian, ending a 19 year-long relationship with J.P. Morgan. Funds SA has selected Northern Trust as its custodian, after a long tender process. In September last year, Funds SA said it had invited seven custodians to submit ...

Northern Trust wins two mandates

KARREN VERGARA  |  MONDAY, 13 MAY 2019
Northern Trust has won two mandates from an Australian-based $14.7 billion investment manager. Maple-Brown Abbott appointed Northern Trust to provide global custody, middle-office trade matching, fund administration, foreign exchange and associated ...

Study unveils state with largest superannuation gender gap

KARREN VERGARA  |  FRIDAY, 26 APR 2019
... states are: Victoria (31%), Queensland (34%), New South Wales (26%), South Australia (33%), Tasmania (33%), ACT (20%) and Northern Territory (16%). To help narrow the gap, the AIST and WIS suggest abolishing the $450 monthly income threshold for compulsory ...

J.P. Morgan still the top custodian

KANIKA SOOD  |  FRIDAY, 12 APR 2019
... Asset Servicing ($529 billion), BNP Paribas ($470 billion), Citigroup ($461 billion), State Street ($447 billion), Northern Trust ($403 billion), HSBC ($180 billion), RBC Investor and Treasury Services ($106 billion), Bond Street ($98 billion), Ausmaq ...

Northern Trust eyes super fund trading desks

KANIKA SOOD  |  WEDNESDAY, 3 APR 2019
Northern Trust thinks the $2.8 trillion superannuation industry will increasingly outsource its trading functions and it wants a slice of the business. As Aussie super funds bring investments in-house and face greater demands for accountability from ...