Avanza Fonder selects Northern Trust
09 December 2024 Sweden
Image: Anton Petrus/stock.adobe.com
Northern Trust has been selected as a provider of integrated trading services for Avanza Fonder, a Swedish in-house fund manager firm.
The company’s Integrated Trading Solutions (ITS) outsourced trading desk will now support Avanza Fonder, which the firm says will help to lower costs, reduce risk, and enhance operational efficiency when conducting funds administration services.
Northern Trust will primarily provide outsourced trading for the firm’s global, emerging market, European, and US equity market index funds.
Head of Nordics at Northern Trust, Petra Sjogeras, comments: “We are proud to partner with Avanza Fonder as we continue to expand in the Nordic region. We see Nordic managers facing global challenges of rising costs and market volatility. Our Integrated Trading Solution enhances the efficiency of Avanza Fonder’s operating mode.”
Jesper Bonnivier, CEO of Avanza Fonder, adds: “After opting to bring the management of our index funds in-house, we aimed to find a solution that would streamline our trading processes. By collaborating with Northern Trust and utilising their ITS platform, we’ve gained access to greater liquidity and scale.”
The company’s Integrated Trading Solutions (ITS) outsourced trading desk will now support Avanza Fonder, which the firm says will help to lower costs, reduce risk, and enhance operational efficiency when conducting funds administration services.
Northern Trust will primarily provide outsourced trading for the firm’s global, emerging market, European, and US equity market index funds.
Head of Nordics at Northern Trust, Petra Sjogeras, comments: “We are proud to partner with Avanza Fonder as we continue to expand in the Nordic region. We see Nordic managers facing global challenges of rising costs and market volatility. Our Integrated Trading Solution enhances the efficiency of Avanza Fonder’s operating mode.”
Jesper Bonnivier, CEO of Avanza Fonder, adds: “After opting to bring the management of our index funds in-house, we aimed to find a solution that would streamline our trading processes. By collaborating with Northern Trust and utilising their ITS platform, we’ve gained access to greater liquidity and scale.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
