To support the increasing demand for its alternative fund administration solutions, Northern Trust (Nasdaq: NTRS) has hired Edwin Parker, expanding its alternatives business development team across the UK, Ireland, Luxembourg and Channel Islands.
In this newly created role Parker will focus on offering Northern Trusts sophisticated hedge fund administration services and its specialist private equity, infrastructure, and real estate fund administration services to fund managers across the region.
Fund managers are faced with a number of pressures from generating returns for their investors to meeting new regulatory requirements, and reporting on risk management and demonstrating transparency, said Madeleine Senior, head of sales for asset servicing at Northern Trust in EMEA. At Northern Trust, we understand these challenges and are pleased to welcome Edwin to our growing team which provides tailored solutions and products to support these demands.
Parker joined Northern Trust earlier this month from Butterfield Fulcrum, where he was managing director. Prior to this, he spent 12 years at SS&C Hedge Fund Services where he was business development manager for Europe, Middle East and Africa (EMEA).
Northern Trust is one of the world's leading asset servicing providers, offering global expertise and local specialist services to investment managers and institutional investors in over 40 countries. It has expertise and experience in servicing alternative asset classes including; fund of hedge funds, hedge funds, private equity, real estate and infrastructure funds.
Following the establishment of Northern Trust Hedge Fund Services we have expanded our range of middle-office and fund administration solutions and gained more than 40 new clients, located in Ireland, the Channel Islands, Cayman Islands, Scandinavia and the Asia-Pacific Region, said Senior. Through our specialist hedge fund technology platform, we can support the full lifecycle of virtually any strategy or asset class currently employed by alternative funds, helping clients achieve high levels of efficiency and processing control.
As of 30 June 2012, Northern Trust administered approximately US$250 billion in assets across real estate, private equity, infrastructure, hedge fund and fund of hedge funds, for fund managers across the globe.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2012, Northern Trust had assets under custody of US$4.8 trillion, and assets under investment management of US$749.7 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A, incorporated with limited liability in the U.S.
The Northern Trust Company, London Branch (reg. no. BR001960), Northern Trust Global Investments Limited (reg. no. 03929218) and Northern Trust Global Services Limited (reg. no. 04795756) are authorised and regulated by the Financial Services Authority.
Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission. Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission. Northern Trust International Fund Administration Services (Ireland) Limited, Northern Trust Securities Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland. Northern Trust Global Services Limited has a Netherlands Branch which is authorised and regulated in the Netherlands by De Nederlandsche Bank. Northern Trust Global Services Limited has a Luxembourg Branch which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008 which is authorised and regulated by the Central Bank of the United Arab Emirates. The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation. Northern Trust operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority and the Australian Securities & Investments Commission (AFS Licence No: 314970). The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong Securities and Futures Commission. The Northern Trust Company has a Singapore Branch which is a foreign wholesale bank regulated by the Monetary Authority of Singapore. The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission. Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency. Northern Trust Global Services Ltd (UK) Sweden Filial is authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen. Northern Trust Global Investments Limited has a Netherlands branch which is authorised by the Financial Services Authority and subject to regulation in The Netherlands by the Autoriteit Financiële Markten. Northern Trust Global Investments Limited has a Sweden branch which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen.