Northern Trust names new head of hedge funds 06 March 2013London Reporter: Jenna Jones
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Liam Butler has been recruited as the head of Northern Trust hedge fund services in Europe.
Northern Trust hedge fund services was established in 2011, following the firm’s acquisition of Omnium from Citadel. Since then it has gained 40 new clients across the globe.
Butler joined Northern Trust in 2011. He most recently held the role of managing director of Northern Trust securities services based in Ireland.
Peter Sanchez, global head of Northern Trust Hedge Fund Services, said: “Since the establishment of Northern Trust Hedge Fund Services we have seen an increasing demand in particular for our middle office services across the globe.”
“In his new role, Butler will build on our 20 year-experience of hedge fund administration in the region and ensure we continue to support our clients’ with the most innovative, leading-edge technologies.”
Butler said: “We understand that hedge fund managers in Europe face a number of challenges, many of which are rooted in the implementation of new regulations.”
“Our technology delivers real-time, transparent and consolidated data which supports them as they work to support the requirements of regulations such as the AIFMD, UCITS and FATCA.”
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