Northern Trust Completes Acquisition of Aviate Global
Acquisition Expands Northern Trust's Global Trading Capabilities
CHICAGO and LONDON – Northern Trust announced today the successful closing of its acquisition of Aviate Global LLP, an institutional equity brokerage firm offering market research and execution services with offices in London, New York, Hong Kong and Sydney.
Northern Trust announced its intention to acquire Aviate on December 2, 2015, subject to applicable regulatory approvals and other customary closing conditions. The new business will be integrated into Northern Trust’s existing brokerage business, Northern Trust Securities.
Aviate’s global presence will strengthen Northern Trust’s ability to deliver sophisticated trading solutions to meet the investment servicing and transition management needs of clients worldwide. The acquisition provides a local trading and servicing presence in Europe, Middle East, Africa and Asia-Pacific, deeper global equity expertise and distinctive research offerings.
“We are very pleased to announce the completion of our acquisition of Aviate,” said Mike Vardas, global head of capital markets at Northern Trust. “We’re looking forward to supporting greater reach of AviateLive, now powered by Northern Trust Securities, a research product designed to drive actionable investment ideas for current and future clients.”
Northern Trust welcomes more than 30 professionals, including Aviate co-founders Guy Gibson and Gary Paulin, to Northern Trust Securities’ global brokerage business within Corporate & Institutional Services.
“Like Northern Trust, Aviate is committed to delivering exceptional client service and we’ll continue to work in close partnership with our clients to provide our unique research and high-quality execution capabilities as part of Northern Trust,” said Gibson.
“We are delighted to be joining Northern Trust and look forward to leveraging their strong global brand,” said Paulin.
Northern Trust's Corporate & Institutional Services business unit is a leading global provider of asset servicing, asset management and related services to fund managers, sovereign wealth funds, pension funds, foundations, endowments, insurance companies and government funds.
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 offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2016, Northern Trust had assets under custody of US$6.2 trillion, and assets under management of US$900 billion. For more than125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit 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. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions
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