Canada Life Asset Management Appoints Northern Trust for Asset Servicing Solutions
June 25 2024 - 4:00AM
Business Wire
Supports Manager’s Focus on Operating Model
Efficiency and Data Quality as Strategic Asset Servicing
Provider
Northern Trust (Nasdaq: NTRS) today announces it has been
selected by Canada Life Asset Management
(CLAM), for asset servicing solutions including
middle office outsourcing, global custody, securities lending, fund
administration and depositary services.
Northern Trust’s appointment consolidates the provision of all
CLAM middle office solutions with a single service provider and
includes the provision of both investment book of record and data
solutions.
Headquartered in London, United Kingdom (UK), CLAM manages over
£39.6bn (as of 31 March 2024) across a varied range of asset
classes including fixed income, equities, UK property, and
multi-asset solutions. CLAM is part of Canada Life, which
provides insurance and wealth management products and services in
Canada, the UK, Isle of Man and Germany.
Mark Giancola, Chief Operating Officer, Asset Management at
Canada Life Asset Management, commented: “We selected Northern
Trust because of their capability to support our diverse range of
investments, deliver the high-quality data on which we manage our
business and integrate seamlessly with our order management system
of choice. We are confident that Northern Trust is the partner to
support us as we continue to help our investors and their clients
achieve their long-term financial goals.”
Laurence Everitt, Head of Global Fund Services, UK at
Northern Trust, said: “We are delighted to be supporting CLAM’s
range of investments – including its focus on operating model
efficiency and data quality – as its strategic asset servicing
provider. Our investment in technology, global operating model and
ability to support multiple asset classes on a single platform, all
align with the requirements of institutional asset managers and
asset owners to simplify their operating models whilst managing
complexity.”
Northern Trust’s Global Fund Services business provides services
including fund administration, global custody, investment
operations outsourcing and data solutions to global investment
managers – supporting a range of complex investment strategies
across the full spectrum of asset classes.
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 24 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of March 31 2024, Northern Trust had assets under
custody/administration of US$16.5 trillion, and assets under
management of US$1.5 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.
About Canada Life Asset Management
Canada Life Asset Management is the brand for investment
management activities undertaken by Canada Life Asset Management
Limited, Canada Life Limited and Canada Life European Real Estate
Limited. Canada Life Asset Management Limited (no. 03846821),
Canada Life Limited (no.00973271) and Canada Life European Real
Estate Limited (no. 03846823) are all registered in England and the
registered office for all three entities is Canada Life Place,
Potters Bar, Hertfordshire EN6 5BA. Canada Life Asset Management
Limited is authorised and regulated by the Financial Conduct
Authority. Canada Life Limited is authorised by the Prudential
Regulation Authority and regulated by the Financial Conduct
Authority and the Prudential Regulation Authority.
Please note that while Canada Life Asset Management Limited and
Canada Life Limited are regulated as stated above, property
management and the provision of commercial mortgages are not
regulated activities.
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version on businesswire.com: https://www.businesswire.com/news/home/20240625550030/en/
Media Contacts 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
Canada Life Asset Management Elle McAtamney +44 (0) 79 1356 8213
Elle.Mcatamney@canadalife.co.uk
US & Canada: John O’Connell +1 312 444 2388
John_O’Connell@ntrs.com
http://www.northerntrust.com
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