SEC & CFTC Await New Chairpersons The Trump administration has named an acting chairman for the SEC — Elad L. Roisman, an SEC commissioner — as the now-former Chairman Walter Joseph “Jay” Clayton III stepped down at the end of December, six months before his slated exit in June 2021. Clayton, a Trump team appointee,… Read More >>
Northern Trust to Help Launch Crypto Custody Service
Standard Chartered’s VC Unit Partners with Northern Trust Standard Chartered via SC Ventures and custodian Northern Trust are launching an “institutional-grade” custody solution for cryptocurrencies to help financial services firms invest in cryptocurrency-based assets, officials say. The custodian support is in response to the growing demand for cryptocurrency-based assets that will need support for transaction… Read More >>
Allianz Picks IHS Markit’s thinkFolio Platform
Allianz to Use AWS as Platform Host Allianz Global Investors, an asset manager, has adopted IHS Markit’s thinkFolio investment management platform for its global fixed income business, the firm says in a statement, which also notes that the firm will “leverage thinkFolio as a managed service hosted on the Amazon Web Services … cloud.” The thinkFolio… Read More >>
Northern Trust Launches Another Umbrella Trust
Northern Trust has launched an umbrella trust, dubbed the Datum One Series Trust, that it will offer to asset managers that would prefer to focus on distribution and investment goals, and let the custodian manage the infrastructure and back-office services. The new offering will include operational infrastructure support services via an integrated model, says Barbara… Read More >>
NYSE Trading Floor to Reopen May 26
NYSE President Announces Floor Reopening via WSJ The open outcry trading floor of the New York Stock Exchange (NYSE) will partially reemerge “slowly and carefully” on May 26, according to Stacey Cunningham, president of the NYSE, who made the announcement via an opinion piece in The Wall Street Journal, published May 14 The return of… Read More >>
Northern Trust’s Client Portal Gets a Cloud Makeover
Online Report Center Will Become a Cloud Service Northern Trust is relaunching a client-facing portal, the Online Report Center, as a cloud-based service with a redesigned user interface, officials say. The revamped service “is currently in its beta phase with a select group of clients. The full release for all clients will be available later… Read More >>
Northern Trust Launches Performance Analytics Tool
Northern Trust’s ‘Radar’ Helps with Performance Insight Northern Trust has launched a proprietary reporting tool to help institutional investors gain insights as they track and analyze risk and performance across their portfolios, officials say. The Performance Radar offering is the latest addition to Northern Trust’s Investment Risk and Analytical Services (IRAS) group, and is intended… Read More >>
Broadridge Buys Northern Trust’s DLT Platform for Private Equity
Broadridge Financial Solutions has purchased a distributed ledger technology (DLT) platform developed by Northern Trust for private equity asset servicing, and plans to develop a system that will offer additional capabilities for PE activities. “Broadridge is expanding its footprint in the asset management industry and the PE industry is ripe for disruption,” a Broadridge spokesperson… Read More >>
StatPro Buys ESG Unit for $3.27 Million
ECPI Unit to Become Part of StatPro StatPro Group, a cloud-based portfolio analysis and asset pricing services vendor, will be enhancing its benchmark offerings for environmental, social and governance (ESG) ratings and indices via the acquisition of the ESG research and index business unit (ECPI) from ECPI Group, officials say. The acquisition for a total… Read More >>
Northern Trust Transforms PE Clauses into Smart Contracts
Northern Trust reports that it has added to its private equity services by enabling private equity participants to negotiate, review and digitally sign legal agreements via an administrative blockchain. Officials say that Northern Trust and its partners have developed a way to deploy legal clauses as smart contracts in a direct way from a digital… Read More >>
