UK
Company: Northern Trust
Sectors explained: Global Custody
As fund managers become more sophisticated with their investment strategies, the role of global custodians has changed significantly. The range of products and services they offer to clients has snowballed in recent years. Fund managers now invest in equities, bonds, cash, derivatives, hedge funds, real estate and private equity. Global custodians have to support these […]
Sectors explained – Global custody
As fund managers become more sophisticated with their investment strategies, the role of global custodians has changed significantly. The range of products and services they offer to clients has snowballed in recent years. “Clients are increasingly looking for solutions that cut across traditional geographic boundaries in order to facilitate those new business models, enhanced transparency […]
Unfortunately, this is unlikely to be the start of a rush of hiring for stock lending in Europe
On the other side of the Atlantic, there is a lot of excitement over recruitment in the rarefied world of stock lending. Specifically, State Street is having a few problems after several of its executives quit to set up/join a rival start up. It’s suing three of them for, using “confidential information and trading on […]
Northern Trust expands in London
Asset management firm Northern Trust Global Investors has plans to expand its manager of mangers team in London. Global Money Management says the firm has hired Joe Hemmant as a manager research analyst in the manager of managers team, which is responsible for researching managers in the UK and Continental Europe. His remit is to […]
Custodians hit the transition management trail
Custodians are bulking up their transition management teams. Recruiters say jobs in the area pay more than other custody roles, and can be an opportunity for custody staff to get some quality contact with clients. “Transition management is an area that custodians are building up quite strongly,” says Dev Majithia, manager of the investment management […]
IT takes top priority for buyside
Asset managers are likely to invest heavily in trading technology to overhaul their dealing desks over the next year. Technology topped the priorities for buyside desks, according to an IT survey compiled last week by Financial News. The report surveyed 102 investing institutions in the UK, Ireland and the continent with total equity assets of […]
Northern Trust goes Dutch
Dutch-speaking custodians looking for job opportunities may be interested to learn of expansionary aspirations at Northern Trust. The custodian and asset manager is growing its new Dutch office, and adding Dutch support staff in London. Financial News reports that the company has opened an office in Amsterdam to represent its asset management and asset servicing […]
Global custody hiring surging ahead
It may not be a repository of the most exciting and well paid jobs in financial services, but when it comes to sheer appetite for staff, there is little to rival the global custody industry. As things stand, the custody industry already employs tens of thousands of people globally. At the end of last year, […]
Northern Trust boosts London sales staff
Northern Trust, the US financial services group, has hired three vice-presidents in newly created roles to expand its asset servicing sales team for Europe, the Middle East and Africa. Ben Williams-Thomas will work on custody sales to European pension funds. He joins from JP Morgan Investor Services where he was a vice-president of sales and […]
Job wrap: Hiring surge in equity derivatives
There was a rush of equity derivatives hiring last week as Dresdner Kleinwort Wasserstein, Bank of America and ABN Amro added to their teams. Dresdner Kleinwort Wasserstein hired four people for equity derivatives. Patrick Sciamma joined from Goldman Sachs as a managing director and head of trading in exotic equity derivatives. Olivier Charhon joined from […]
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