Northern Trust Appointed to Provide Integrated Trading Solutions to Waverton Investment Management
December 14 2023 - 5:00AM
Business Wire
Selected as Sole Provider of Trading Services,
Agreement Also Sees Waverton Traders Join Northern Trust
Northern Trust (Nasdaq: NTRS) today announces that its
Integrated Trading Solutions (ITS) outsourced trading desk is
supporting Waverton Investment Management (Waverton), an
independent investment manager providing services for private and
professional clients.
Based in the United Kingdom, Waverton is an owner-managed
investment management firm with offices in London, Edinburgh and
Glasgow and £9.1 billion (approximately US$11.6 billion) in assets
under management, as of 31 December 2022 (source: 2022 Annual
Report).
Serving private investors, charities, financial advisers and
institutional investors, Waverton’s aim is to generate
inflation-beating returns over the long term, using an active and
flexible, multi-asset investment approach through bespoke
portfolios or specialist funds.
Northern Trust is supporting the trading of equities,
derivatives and fixed income assets as Waverton’s sole provider of
trading services. The appointment followed a review by Waverton of
its operating model intended to help align its operational
structure with plans to expand its product range and investment
capabilities. It also resulted in two of its traders – Rene
Naya and Sam Tresadern – joining Northern Trust.
Michael Allen, chief operating officer at Waverton,
said: “Outsourcing our trading to Northern Trust provides
Waverton with access to global markets, high-quality liquidity and
operational scale, while also allowing us to continue benefiting
from Rene and Sam’s valuable institutional knowledge of our
business. In addition to both organisations’ strong service ethos
and cultural fit, we are confident this combination delivers the
service and operational resilience we require to support our growth
aspirations.”
Glenn Poulter, global head of brokerage and ITS at Northern
Trust, said: “We are excited to be supporting Waverton’s
commitment to client service and focus on growth in our role as its
outsourced trading provider. To date, our ITS client base has
consisted primarily of institutional asset managers and asset
owners, but we see increasing interest in this solution from wealth
managers as they look to enhance operating capacity and
future-proof their operating models. Our appointment by Waverton is
testament to this shift and we look forward to working further with
managers across this sector globally.”
Northern Trust’s outsourced trading capability combines
worldwide trading expertise in equities, fixed income and exchange
traded derivatives across global markets, coverage from multiple
trading locations, access to high-quality liquidity and a fully
integrated middle and back office service. ITS helps asset owners
and asset managers to meaningfully lower costs, reduce risk, manage
regulatory compliance, and enhance transparency and operational
efficiency.
Northern Trust continually innovates and invests in technology
in support of its clients, delivering a differentiated approach to
trading that includes ITS, offered through Institutional Brokerage.
Both are part of Northern Trust Capital Markets, which also
provides foreign exchange, securities lending and transition
management services.
About Northern Trust Capital Markets
Northern Trust Capital Markets is comprised of a number of
Northern Trust entities that provide trading and execution services
on behalf of institutional clients, including foreign exchange,
institutional brokerage, securities finance and transition
management services. Foreign exchange, securities finance and
transition management services are provided by The Northern Trust
Company (TNTC) globally, and Northern Trust Global Services SE
(NTGS SE) in the European Economic Area (EEA). Institutional
Brokerage services including ITS are provided by NTGS SE in the
EEA, Northern Trust Securities LLP (NTS LLP) in the rest of EMEA,
Northern Trust Securities Australia Pty Ltd (NTSA) in APAC and
Northern Trust Securities, Inc. (NTSI) in the United States, member
FINRA, SIPC and a subsidiary of Northern Trust Corporation.
For legal and regulatory information about our offices and
legal entities, visit northerntrust.com/disclosures.
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 a global presence
with offices in 25 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of September 30, 2023, Northern Trust had assets under
custody/administration of US$14.2 trillion, and assets under
management of US$1.3 trillion. For more than 130 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit us on
northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust
or Northern Trust Corporation on LinkedIn.
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.
http://www.northerntrust.com
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version on businesswire.com: https://www.businesswire.com/news/home/20231214421795/en/
Europe, Middle East, Africa & Asia-Pacific: Camilla Greene
+44 (0) 20 7982 2176 Camilla_Greene@ntrs.com Simon Ansell +44 (0)
20 7982 1016 Simon_Ansell@ntrs.com
US & Canada: John O’Connell +1 312 444 2388
John_O’Connell@ntrs.com
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