Northern Trust

Northern Trust

50 Bank Street
Canary Wharf
London
E14 5NT

Contact
Sunil Daswani


Telephone
+44 20 7982 2000


Email
sd18@ntrs.com


Website
www.northerntrust.com/securitieslending
Every day, Northern Trust helps institutions around the globe optimise returns on their loaned securities, delivering performance and outstanding risk management within our clients' preferred parameters. We have been lending securities on behalf of clients for over 30 years and continue to operate at the forefront of the industry, with broad market coverage and innovative reporting being key components of our successful track record.

Northern Trust clients can take advantage of flexible lending options, including collaborating with us to develop customised criteria and securities lending programmes where appropriate. Ultimately, solutions are geared towards enhancing the overall return of clients' portfolios without impacting on the underlying strategy of their investment managers.
Northern Trust Features archive
Securities Lending Times
Lenders that have the ability to adapt their lending programme in line with the industry’s ongoing evolution can expect to be the biggest beneficiaries, says Sunil Daswani of Northern Trust
Hong Kong, China, Japan, emerging markets, technology development and regulation are on the agenda in Asia, says Northern Trust’s Dane Fannin
Fresh opportunities are arising and perceptions are changing for securities lending in Australia, as Dane Fannin and Mark Snowdon of Northern Trust explain
Sunil Daswani speaks to members of Northern Trust’s global securities lending team to discuss the emerging Saudi Arabian market and the opportunities, and uncertainties, it could bring
What should a beneficial owner consider before entering one of the emerging markets in Asia? Sunil Daswani of Northern Trust takes a look
Northern Trust Interview archive
Securities Lending Times
Shifting market demands and regulatory change are making for an interesting year in the collateral marketplace, as Northern Trust’s George Trapp explains
Flexibility, technology and risk management are all necessities for conducting business in the Asian securities lending marketplace, says Dane Fannin of Northern Trust. Mark Dugdale reports
Sunil Daswani of Northern Trust reveals how the bank’s 2015 has been so far
Northern Trust’s Andrew Clayton reveals what agent lenders need to do to meet the demands of increasingly sophisticated clients
Northern Trust is tracking multiple regulations, including Basel III and Dodd-Frank
Taiwan continues to be the most attractive emerging market, but Vietnam, Indonesia and the Philippines have a way to go, says Northern Trust in a conversation with SLT
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SLT talks to Sunil Daswani of Northern Trust for his view on the global securities lending equity markets
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SLT talks to Sunil Daswani and John Irwin of Northern Trust about agent lending, Asia and the particularities of supply and demand
Northern Trust News archive
Securities Lending Times
Northern Trust hires Jonathan Titone
03 August 2017 | New York | Reporter: Mark Dugdale
Jonathan Titone has joined Northern Trust as vice president and global market consultant in network management
Northern Trust’s Q2 lending revenue stutters
24 July 2017 | New York | Reporter: Drew Nicol
Northern Trust saw its securities lending earnings fall to $24.6 million in Q2
Northern Trust commits to EU hub
20 July 2017 | Luxembourg | Reporter: Drew Nicol
Northern Trust is set to establish a banking presence in Luxembourg, and has appointed a new head of continental Europe, in a move that it says is “further establishing its commitment to the region”
Northern Trust bolsters sales team
14 July 2017 | Chicago | Reporter: Drew Nicol
Northern Trust has bolstered its global business development team with a series of senior appointments
Northern Trust commits to Ireland
12 June 2017 | Limerick | Reporter: Drew Nicol
Northern Trust has committed to expanding its operations in Ireland with the addition of 400 new roles over the next five years
Northern Trust expands UAE operations
24 May 2017 | Abu Dhabi | Reporter: Stephanie Palmer
Northern Trust has opened a new branch office in Abu Dhabi, as part of a continuing focus on business in the UAE
Northern Trust and Donnelley tackle admin
09 May 2017 | Chicago | Reporter: Drew Nicol
Northern Trust and Donnelley Financial Solutions have teamed up to provide mutual fund administration clients with an automated process for the collection, creation, review and filing of disclosure documents
Pension funds pick NT for sec lending
28 April 2017 | Belfast | Reporter: Stephanie Palmer
Northern Trust has secured its thirteenth Irish state pension fund as a securities lending services client
Northern Trust retains Australian pension fund custody mandate
22 March 2017 | Melbourne | Reporter: Drew Nicol
Northern Trust has received a renewed endorsement from the Australian government employee and Australian Defence Force pension fund
Northern Trust boosts UK fund services team
16 March 2017 | London | Reporter: Stephanie Palmer
Northern Trust has appointed Katharine Morris as head of sales for its UK global fund services business
Northern Trust expands office in South Korea
02 March 2017 | Seoul | Reporter: Drew Nicol
Northern Trust has enhanced its presence in Asia with the opening of an expanded office in Seoul, South Korea
Northern Trust warns of repo timebomb
23 January 2017 | New York | Reporter: Drew Nicol
The repo market could “shut down” under stress conditions with pension funds most at risk, according to a new Northern Trust whitepaper...
Northern Trust expands capital markets team
09 January 2017 | London | Reporter: Drew Nicol
Northern Trust has expanded its global capital markets team with the appointment of Craig Blackbourn as head of transition management for Europe, the Middle East and Africa...
Northern Trust fees up in Q3
20 October 2016 | Chicago | Reporter: Mark Dugdale
Northern Trust earned $23.1 million in securities lending fees in Q3 2016, according the bank’s latest financial results...
Northern Trust opens Australian sec lending shop
18 August 2016 | Sydney | Reporter: Mark Dugdale
Northern Trust has established a securities lending trading desk in Australia...
New mandate for Euroclear-DTCC collaboration
27 July 2016 | London | Reporter: Stephanie Palmer
Northern Trust has adopted the margin settlement service offering of GlobalCollateral, the joint venture between Euroclear and the Depository Trust & Clearing Corporation...
Northern Trust settles and enjoys higher spreads
21 July 2016 | New York | Reporter: Mark Dugdale
Northern Trust will have to pay $46.5 million to settle securities lending litigation, while the bank outperformed the previous quarter in fees earned, according to its Q2 results...
Northern Trust enjoys strong Q1 sec lending results
20 April 2016 | Chicago | Reporter: Drew Nicol
Northern Trust secured enough new clients to grow its securities lending business by 5 percent in Q1 2016...
Northern Trust to leverage AltX’s big data solution
19 April 2016 | Chicago | Reporter: Drew Nicol
An exclusive agreement between AltX and Northern Trust to grant the bank’s institutional clients access to AltX’s hedge fund data platform has been confirmed...
Northern Trust adds Gillingwater to sec lending team
31 March 2016 | London | Reporter: Drew Nicol
Northern Trust has appointed Joseph Gillingwater as head of fixed income securities lending trading for Europe, the Middle East and Africa, and the Asia Pacific...
Northern Trust’s sec lending ends 2015 on a high
21 January 2016 | London | Reporter: Drew Nicol
Northern Trust’s securities lending revenue showed strong growth in Q4 2015, with revenue growing 13 percent on over the previous quarter...
Northern Trust grows to meet sec lending demand
10 September 2015 | London | Reporter: Drew Nicol
Northern Trust has responded to increasing demand for its securities lending and transition management services by creating several new senior positions in its global capital markets team...
Northern Trust chosen to serve City of Tallahassee
14 August 2015 | Chicago | Reporter: Drew Nicol
Global bank Northern Trust has been chosen by the City of Tallahassee to serve as global custodian for its $2.1 billion in assets.
Northern Trust secures RPMI Railpen deal
04 June 2015 | London | Reporter: Becky Butcher
Northern Trust has been selected to provide investment operations outsourcing services, including collateral management, to RPMI Railpen, manager of the Railways Pension Scheme...
Northern Trust: Reforms mean more diverse market
16 March 2015 | London | Reporter: Stephanie Palmer
A pensions reform in the UK would lead to major changes and a greater diversity of products, but won’t completely displace annuities, according to Northern Trust and CREATE-Research...
Northern Trust provides securities lending for PPF
10 March 2015 | London | Reporter: Stephanie Palmer
The Pension Protection Fund has appointed Northern Trust to provide securities lending and custody services for £20 billion in pension assets...
Northern Trust settles securities lending suit
20 February 2015 | Illinois | Reporter: Mark Dugdale
Northern Trust has agreed to pay $36 million to settle a class action lawsuit alleging that it imprudently invested collateral received from securities lending...
Northern Trust’s Q4 figures stay steady
22 January 2015 | Chicago | Reporter: Stephanie Palmer
Northern Trust has released its results for Q4 2014, reporting no change in its securities lending revenue from the same period in 2013...
Northern Trust sec lending revenue sees slight dip
23 October 2014 | Chicago | Reporter: Mark Dugdale
Northern Trust’s securities lending revenue decreased 3 percent in Q3 2014, from $22.7 million in Q3 2013 to $22 million...
UBS bags Barry McCarthy in Hong Kong
28 August 2014 | Hong Kong | Reporter: Mark Dugdale
Northern Trust’s Barry McCarthy has joined UBS in Hong Kong. He moved to bank last month to take up an equities trading role...
Northern Trust wins two UK LGPS
07 July 2014 | London | Reporter: Catherine Van de Stouwe
Northern Trust has won two contacts for global custody services of Cambridgeshire and Northamptonshire pension funds under the Local Government Pension Scheme (LGPS)...
New role created for Benze Lam at Northern Trust
30 June 2014 | Hong Kong | Reporter: Stephen Durham
Northern Trust Asset Management has appointed Benze Lam as head of the Greater China region...
Devon County Council names Northern Trust
12 June 2014 | London | Reporter: Tammy Facey
Devon County Council has selected Northern Trust for its £3 billion local government pension scheme...
Milwaukee pension in the hands of Northern Trust again
12 May 2014 | Milwaukee | Reporter: Tammy Facey
The trust between Milwaukee’s Employees Retirement System is strengthened as Northern Trust is reappointed as the fund’s global custodian...
Northern Trust receives SEC subpoena
30 April 2014 | London | Reporter: Stephen Durham
Northern Trust has received a subpoena from the US Securities and Exchange Commission (SEC), seeking documents related to the bank’s securities lending activities, according to its latest 10Q filing...
Dutch pension funds, take note
14 April 2014 | Amsterdam | Reporter: Georgina Lavers
To help its Dutch pension fund clients meet the Financieel ToetsingsKader (FTK) regulations set out by the Dutch National Bank, Northern Trust has enhanced its investment statement reporting solutions...
Northern Trust boosts collateral options
17 March 2014 | London | Reporter: Mark Dugdale
Northern Trust is enhancing its collateral management and liquidity solutions to help clients meet the requirements of implementing multiple, inconsistent regulations...
Northern Trust sees sec lend revenue increase
29 January 2014 | Chicago | Reporter: Mark Dugdale
Securities lending revenue increased 7 percent at Northern Trust in Q4 2013, according to the bank’s latest financial report...
Forestry mandate nabbed by Northern Trust
07 January 2014 | Toronto | Reporter: Georgina Lavers
Northern Trust has snapped up a forestry pension plan mandate originally maintained by RBC Investor Services...
Northern Trust increases collateral management options
10 December 2013 | Chicago | Reporter: Daniel Jackson
Northern Trust has expanded its collateral management system and will now support forward settling mortgage-backed securities...
Northern Trust extends mandate with Strathclyde
05 December 2013 | London | Reporter: Georgina Lavers
Northern Trust has re-secured a mandate with UK government pension scheme Strathclyde for the fourth consecutive term...
Lending results at Northern Trust follow seasonal trend
22 October 2013 | Chicago | Reporter: Georgina Lavers
Lending revenue in Q3 2013 for Northern Trust declined by 5 percent year-on-year, and 27 percent sequentially due to the seasonally high second quarter...
Rob Coxon shakes things up at Northern Trust
10 October 2013 | London | Reporter: Georgina Lavers
Rob Coxon has joined Northern Trust as a senior consultant for the bank’s change management consultancy team...
Pension funds bite nails over Dodd Frank margin demands
15 August 2013 | New York | Reporter: Georgina Lavers
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Northern Trust has released a paper on capital requirements for pension funds in the wake of the US Dodd Frank Act that encourages collateral management as a solution to demanding margin requirements...
Three custodian banks face ratings review
03 July 2013 | New York | Reporter: Mark Dugdale
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BNY Mellon, State Street and Northern Trust are facing reviews of their long-term ratings because of narrow margins in core custody services and an over reliance on ancillary services such as securities lending, according to Moody’s...
Northern Trust hires Bradley Blackwell for Hong Kong
09 May 2013 | Hong Kong | Reporter: Georgina Lavers
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Northern Trust has boosted its staff in Hong Kong to include Bradley Blackwell, who is the new sales and relationship management for securities lending clients in APAC...
CarVal selects Northern trust for collateral management
27 November 2012 | Chicago | Reporter: Jenna Jones
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Northern Trust Hedge Fund Services will provide alternative investment manager CarVal Investors with middle office and administration services including collateral management and profit and loss reporting.
Pension fund picks Northern Trust for securities lending
19 October 2012 | London | Reporter: Jenna Jones
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The Merseyside Pension Fund has appointed Northern Trust to provide global custody, investment accounting, securities lending and commission recapture services...
Illinois pension fund adds Deutsche for sec lending
15 May 2012 | Illinois | Reporter: Georgina Lavers
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The State Universities Retirement System Board of Trustees (SURS) voted on 26 April 26 to retain Northern Trust as provider of custodial services for the organisation...
Northern Trust says LA lawsuit has "no merit"
03 February 2012 | Chicago | Reporter: Anna Reitman
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Northern Trust has denied wrong-doing in response to a lawsuit filed by the Los Angeles city attorney against the firm and Pension Consulting Alliance over securities lending cash collateral reinvestment losses...
Securities lending programme "key" for Northern Trust's new mandate
23 August 2011 | Oslo | Reporter: Anna Reitman
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Baerum Kommune identified Northern Trust's securities lending programme as a key factor ...
Northern Trust to transfer Irish operations
05 August 2011 | Dublin | Reporter: Ben Wilkie
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Northern Trust is to transfer its Dublin-based securities lending business to its London offices following the completion of its acquisition of Bank of Ireland Securities Services...
Northern Trust wins securities lending mandate
27 July 2011 | London | Reporter: Justin Lawson
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Northern Trust has been awarded a GBP 4.6 billion mandate to provide global custody, securities lending, transition management, investment risk and analytical services, cash and foreign exchange services to Lancashire County Council........
Northern Trust wins Shropshire mandate
08 April 2011 | London | Reporter: Ben Wilkie
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Northern Trust has been appointed to provide securities lending services to Shropshire County Pension Fund...
Securities finance platform BondLend expands into Canada
29 March 2011 | Toronto | Reporter: Justin Lawson
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BondLend, the fixed income securities finance platform has expanded into the Canadian market. Several clients including, CIBC Mellon, Northern Trust and State Street have incorporated the efficiencies of the platform into their daily businesses by...
New lending reporting solution from Northern Trust
18 March 2011 | Chicago | Reporter: Ben Wilkie
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Northern Trust has created a report to assist insurance companies with regulatory filings on securities lending programmes...
LGPS securities lending continues to grow
10 March 2011 | London | Reporter: Ben Wilkie
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Almost 20 per cent of Northern Trust's UK Local Government Pension Schemes are now participating in securities lending, says the bank...
Northern Trust rolls out enhanced Passport
01 March 2011 | Chicago | Reporter: Justin Lawson
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Northern Trust has announced that it has deployed a new version of its multi-faceted web portal, Passport®, enhanced to address the specialized needs of institutional investors to quickly access and effectively analyze their investment information.
Northern Trust to acquire BOISS
24 February 2011 | Dublin | Reporter: Ben Wilkie
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Northern Trust has reached an agreement to acquire the fund administration, investment operations outsourcing and custody business of the Bank of Ireland Group, Bank of Ireland Securities Services (BOISS)...
Northern Trust executives elected to leadership posts
24 December 2010 | Chicago | Reporter: Steven Lafferty
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Northern Trust is pleased that two leaders of its Global Securities Lending group have been elected to senior positions within the industry. Jeff Benner, Deputy Head of Global Securities Lending, was elected Chairman of the EquiLend Holding LLC Board
Thompson new chairman of ISLA
20 December 2010 | London | Reporter: Ben Wilkie
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Richard Thompson, senior vice president at Northern Trust, has been elected chairman of the International Securities Lending Association.
Northern Trust enhances collateral management reporting
11 November 2011 | Chicago | Reporter: Justin Lawson
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Northern Trust announced has enhanced its collateral management system to provide real-time access and transparent reporting of the daily over-the-counter (OTC) derivative collateral call process.
Steady results from Northern Trust
29 October 2010 | Chicago | Reporter: Ben Wilkie
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Although securities lending revenues declined, Northern Trust Corporation has reported third quarter net income per common share of $.64, compared with net income per common share of $.77 in the third quarter of 2009 and $.82 per common share in the
First Blood for Northern Trust in Diebold Case
04 October 2010 | Chicago | Reporter: Ben Wilkie
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Northern Trust has part-won a ruling on a motion to dismiss ERISA breach of fiduciary duty and prohibited transaction claims involving an investment manager's securities lending programme.
Key asset servicing hires in the Nordics
28 September 2010 | Stockholm | Reporter: Justin Lawson
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Northern Trust appoints Larsson and Norland as senior relationship managers in its Stockholm office, in line with the company's strategy of serving clients as close to their home market as possible.
Northern Trust makes key Dutch appointments
01 September 2010 | Amsterdam | Reporter: Justin Lawson
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Northern Trust has announced that it has appointed Wim van Ooijen as Country Head Northern Trust The Netherlands, succeeding Eric Pouwels, who has been named Director of Strategic Development for Europe, Middle East and Africa (EMEA).
Briscoe investigates Northern Trust
01 September 2010 | Dallas | Reporter: Steven Lafferty
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Shareholder Alert: The Briscoe Law Firm, PLLC investigates Northern Trust Corporation for possible breaches of fiduciary duties by its officers and directors
Northern Trust gets approved in China
01 September 2010 | Beijing | Reporter: Justin Lawson
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Northern Trust has been approved by the China Banking Regulatory Commission (CBRC) for a branch license in Beijing. The authorization by the CBRC marks a milestone for Northern Trust and its Chinese presence.
Northern Trust enhances public funds expertise
24 August 2010 | Chicago | Reporter: Justin Lawson
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Northern Trust announced today that Luke Howe has joined the Client Solutions Group at its asset management arm, Northern Trust Global Investments (NTGI).
Northern Trust in mandate win
16 August 2010 | London | Reporter: Justin Lawson
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Northern Trust has been appointed by independent global investment managers Dalton Strategic Partnership LLP to provide services for its GBP350 million Melchior investment funds.
Securities lending revenue falls for Northern Trust
23 July 2010 | Chicago | Reporter: Justin Lawson
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The second quarter of 2010 has seen a drop in income for Northern Trust in the securities lending sector.
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Institutional investment managers have moderated their expectations for growth, according to a quarterly survey conducted by Northern Trust Global Advisors(NTGA), and more than two-thirds surveyed felt that the PIIGS are still causing concern
Northern Trust appoint from within
14 June 2010 | London | Reporter:
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Northern Trust announced today that Penelope Biggs has been appointed as head of the Institutional Investor Group for Europe Middle East and Africa (EMEA). Her appointment further aligns Northern Trust's sales and client servicing teams.
Renewed appetite leads to London team expansion
03 June 2010 | London | Reporter:
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Northern Trust Global Investments (NTGI) Limited, has, as a result of increased demand for securities lending products and services, enhanced its securities lending team with the appointment of Mark Snowdon as senior sales and relationship manager an
Northern Trust appointed by West Sussex Pension Fund
09 April 2010 | Chicago | Reporter:
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Northern Trust has been appointed to provide global custody and investment accounting services to approximately GBP1.5 billion (US$2.23 billion) in pension fund assets for West Sussex Pension Fund, one of the largest pension funds in the UK.
Northern Trust and Ting
10 December 2009 | Chicago | Reporter:
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Northern Trust announced this week that Fifi Ting has been named Head of Sales and Client Service for the firm's asset management arm, Northern Trust Global Investments, in the Asia-Pacific region. In this role, Ms. Ting will build NTGI's....
Custody Enhances Merlin's Multi-Prime Solution Bank Option
September 29, 2009 | Chicago | Reporter:
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Northern Trust and Merlin Securities have entered into an agreement to provide Merlin prime brokerage clients with fully integrated access to Northern Trust's global custody and administration services. The agreement with Northern Trust enhances Merl
Northern Trust Hires David Lester
29 September 2009 | Toronto | Reporter:
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Northern Trust has appointed David Lester as head of the institutional sales effort for asset management at NT Global Advisors, Inc., Canada. Lester comes to Northern Trust from SEI Investments and his primary focus will be on manager-of-managers inv