At Northern Trust, clients have the opportunity to optimize the value of their portfolios by participating in our securities lending program, while working within their individual risk tolerances. Northern Trust is an experienced securities lending industry leader. Our primary competitive advantages are:
Sophisticated investors recognize the importance of partnering with a stable and disciplined lending agent. Discerning investors recognize that indemnification is only as strong as the lending agent offering the protection.
Northern Trust possesses the financial strength and stability to be a premier, dependable partner for our clients, and has proven its success through years of business cycles.
We know that securities lending is not a "one size fits all" product. Northern Trust works with our clients to understand their objectives and design customized programs to fit each client's individual risk and return objectives.
We offer multiple routes to market, expertise in a wide variety of collateral and ongoing expansion into new markets. We develop relationships focused on trust and reliability, not only on the transaction.
Northern Trust provides strong performance supported by more than three decades of innovative solutions and robust risk management.
Northern Trust's competitive advantage is gained through our distinctive global infrastructure. We achieve efficiency in technology through our single, global proprietary trading platform which allows our traders to lend our clients' securities around the clock. Organic growth enables us to develop and evolve our trading platform, a key technological advantage that allows us to quickly capitalize on trades that may not be accessible by others.
Our experienced trading professionals focus on optimizing the intrinsic value of their assets through the use of advanced technology and automation, as well as exclusive capabilities. Clients have the ability to consistently monitor their securities lending program through our reporting block on Passport or through our suite of securities lending reports.
Northern Trust has a 33-year track record of providing superior securities lending services, and is fully committed to securities lending as one of our core businesses. Our stable, experienced securities lending team is focused on developing unique solutions for our clients.
Our senior management team is deeply involved in overall business strategy and actively participates in industry associations to help guide program and industry development. Northern Trust provides robust capital support to our securities lending program, allowing us to continuously invest in our business and clients.
George B. Trapp, Series 7 and 63 licenses
George Trapp is a senior vice president and head of securities lending client relations at The Northern Trust Company, Chicago. George acts as the manager for the securities lending client sales and servicing team for Northern Trust's securities lending business in North America. He is responsible for ensuring that securities lending clients receive quality and coordinated services from our operations, trading and investment areas.
George participates in the global securities lending management team and various committees around the bank including the securities lending collateral committee, security watchlist group, corporate and institutional services management group, America's business oversight committee and corporate and institutional services fee review committee.
George has over 23 years of experience in the securities lending industry at Northern Trust. During his career George has held positions in trading, product development, client servicing and management for the securities lending group. Additionally George has worked in the Chicago, London and Hong Kong offices. Prior to his client relations responsibilities in Chicago, George was regional manager for the Asia Pacific securities lending business. Based in Hong Kong, George's responsibilities included addressing and evaluating securities lending initiatives for lenders and borrowers where Northern Trust as as an agent lender in the Asia Pacific region.
George received a B.A. degree in economics from Denison University, Ohio and an M.B.A. degree with concentrations in marketing, finance, and management strategy from J. L. Kellogg Graduate School of Management at Northwestern University. He holds NASD Series 7 & 63 Securities Licenses.
George is a Board member of the Trustees of the Frank J.R. Mitchell Scroll Endowment Fund.
Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For more information, read our legal and regulatory information about individual market offices.
This material is directed to professional clients only and is not intended for retail clients. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.