Northern Trust has been the asset servicing provider for Polar Capital since the company’s inception in 2001, and will now be responsible for the Melchior Selected Trust
SWIFT said this marks a “major milestone” for the industry toward “enabling CBDCs and tokenised assets’ smooth integration into the international financial ecosystem”
Service applies an ISO-standard unique transaction identifier to track progress across the trade lifecycle, enabling market participants to identify trades with high risk of settlement failure and to take pre-emptive action
The project will trial a solution powered by Symbiont’s enterprise blockchain platform, Assembly, to allow asset managers and custodians to automate how they compare corporate action information sent to them from multiple sources
Initially operational for funds domiciled in Guernsey, the solution is now available to US clients. Northern Trust is the first company to use the US platform for its clients
Northern Trust has welcomed a series of hires within its global capital markets business, and has also established a dedicated capital markets client solutions team
Benjamin Bobroff has been appointed as global head of digital consulting solutions. Also joining the team and reporting to Bobroff are Pamela Clifford, Donald Marden, and Laura Ghamian
Northern Trust has appointed Mauricio Sandoval (pictured left) and Dean Marziarz (pictured right) as senior business development representatives for asset servicing in North America