Latest news with #assetservicing
Yahoo
6 days ago
- Business
- Yahoo
Northern Trust Appointed Custodian for Dutch Pension Fund BPF Beton
Appointment Underscores Commitment to Supporting Dutch Pension Funds Migrating to New Pension System AMSTERDAM, June 02, 2025--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today that it has been appointed by Dutch pension fund BPF Beton to provide global custody, regulatory reporting, valuation and accounting, and performance analytics. BPF Beton is the industry pension fund for people working in the concrete products industry in the Netherlands with approximately EUR 1.2 billion (approximately US$1.2 billion) in assets as at 31 December 2024. Herman Prummel, country head, Netherlands, Northern Trust, said: "We are pleased to be supporting BPF Beton. Northern Trust has been servicing Dutch pension clients for four decades and is a long-term strategic partner to the pensions industry. With our deep local market expertise, global scale, data and technology platform, Northern Trust is committed to the Dutch pensions industry and its evolving needs. This mandate showcases our regional commitment and expertise in ensuring a seamless, efficient transition to the new reporting standards. We look forward to working with BPF Beton and continuing to serve the needs of the Dutch pension fund industry." The pension system in the Netherlands is migrating to a defined contribution system, known as the Future of Pensions Act or 'Wet Toekomst Pensioenen'. BPF Beton sought an asset servicing partner that could help them through the changes brought on by the new legislation. Govert van der Peijl, president and chairman of BPF Beton, said: "This transition is complex and large scale. We sought a strategic service provider who understands the requirements under the new legislation and who can support us navigate this new landscape. Northern Trust impressed us with their rapid response to the new legislation and their dedication to the Dutch pension fund industry. We are pleased to collaborate with Northern Trust and look forward to their support as our scheme embarks on the next chapter of its journey to deliver the best possible outcomes for our members." About BPF Beton BPF Beton is the sectoral pension scheme for employees active in the manufacturing industry for concrete products. Based in Amsterdam, they represent over 25,000 members as at 31 December 2024. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at View source version on Contacts Media Contacts Europe, Middle East, Africa & Asia-Pacific: Camilla Greene+44 (0) 20 7982 2176Camilla_Greene@ Simon Ansell+ 44 (0) 20 7982 1016Simon_Ansell@ US & Canada:John O'Connell+1 312 444 2388John_O'Connell@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
15-05-2025
- Business
- National Post
Northern Trust Names Jeff Alexander to Head The Northern Trust Company, Canada
Article content TORONTO — Northern Trust (Nasdaq: NTRS) announced today that Jeff Alexander has joined as President and CEO of The Northern Trust Company, Canada, and Principal Officer of the affiliated The Northern Trust Company, Canada Branch based in Toronto. Article content Article content Canada is a strategically important market for Northern Trust, which has more than 150 clients across eight provinces and two territories. Article content In his new role, Alexander will lead the asset servicing business in Canada, including relationships with clients and regulators. Canada is a strategically important market for Northern Trust, which has more than 150 clients across eight provinces and two territories. Alexander reports to Melanie Pickett, Head of Asset Servicing, Americas and, as a director, to the Board of Directors of The Northern Trust Company, Canada. Article content 'At Northern Trust, we are deeply committed to our Canadian clients and their unique needs,' Pickett said. 'Jeff brings extensive experience in asset servicing, with expertise built through consulting with hundreds of global clients. That experience will serve him well in this role. We are thrilled to welcome Jeff and are confident he will be a strong leader for our Canada team and an asset to our clients.' Article content With more than 30 years of experience, Alexander has considerable knowledge of the Canadian financial services landscape and regulatory environment. Most recently, he was part of the executive leadership team at TELUS Health, a global pension and benefits consultancy, where he was the National Custody Practice Lead and National Growth Lead. During his tenure, he built strong relationships with key clients, worked with regulators, and participated in industry boards. Prior to this, Alexander held senior executive positions in client servicing, marketing, and sales at CIBC Mellon and Montreal Trust Company of Canada. Article content Alexander succeeds Katie Pries, who has led Northern Trust in Canada since 2020 and will take on a newly created global role focused on Northern Trust's anti-money laundering processes. Article content Northern Trust has more than three decades of experience in providing an extensive range of innovative asset servicing solutions to meet the unique needs of institutional investors and investment managers in Canada. With a rich heritage and intricate understanding of the Canadian landscape, Northern Trust Canada is able to provide meaningful insights and strategic perspectives to market participants. Article content About Northern Trust Article content Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Article content Article content Article content Article content Article content Contacts Article content Media Contacts Europe, Middle East, Africa & Asia-Pacific: Camilla Greene +44 (0) 20 7982 2176 Camilla_Greene@ Article content Article content Article content
National Post
13-05-2025
- Business
- National Post
Citco enters strategic partnership with GIC
Article content NEW YORK — The Citco group of companies (Citco) and GIC are pleased to announce that they have entered a long term, strategic relationship. As part of the relationship, GIC, a global institutional investor, has become a minority shareholder in Citco. The founding Smeets Family shall remain the majority shareholder in Citco. Article content Article content 'Citco has organically grown into a global market-leading asset servicing business, delivering value to investors like GIC for over 50 years. Our investment aligns squarely with GIC's commitment to building long-lasting partnerships that empower family-owned businesses to thrive. With a combination of client-centric solutions and savvy technological investments Citco is at the forefront of their industry. We look forward to partnering with Citco and the Smeets family as we embark on this new chapter together.' – Girish Karira, Head of Integrated Strategies Group and Head, New York Office at GIC. Article content 'We look forward to continuing our strategic relationship with GIC. Their industry perspective and long-term approach to investing, paired with Citco's client-driven solutions and culture of innovation, will enable us to continue to drive scalability for our clients – cementing our position as our client's foundation for growth.' – Roald Smeets, President and Chief Operations Officer of Citco Group of Companies (Citco) Article content The Citco group of companies (Citco) is a network of independent companies worldwide. These companies are leading providers of asset-servicing solutions to the global alternative investment industry. With over $2 trillion in assets under administration and operations spanning across 36 countries, Citco's unique culture of innovation and client-driven solutions have provided Citco's clients with a trusted partner for more than four decades. Having grown organically into one of the largest asset servicers in the industry, Citco offers a full suite of middle office and back-office services including treasury and loan servicing, daily NAV calculations and investor services, corporate and legal services, regulatory and risk reporting as well as tax and financial reporting services, alongside banking and depository services. Investing heavily in innovation and technology whilst further developing its current suite of client-friendly solutions, Citco will continue as a flagbearer for the asset-servicing industry. For more information, please visit or follow on LinkedIn. Article content GIC is a leading global investment firm established in 1981 to secure Singapore's financial future. As the manager of Singapore's foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. GIC has developed strong relationships and invests with family offices, family-owned businesses/entrepreneurs, corporates, and individuals with specific expertise (independent sponsors). The firm provides bespoke solutions to our partners for various uses including growth capital, M&A financing, shareholding restructuring, etc. With a flexible investment mandate, GIC can invest across the capital structure and hence, find the right investment structure for our partners. GIC's long-term approach, multi-asset capabilities, and global connectivity enable it to be an investor of choice and add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 2,300 people in 11 key financial cities and has investments in over 40 countries. For more information, please visit or follow on LinkedIn. Article content Article content Article content Article content Article content Article content
