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Northern Trust Expands Foreign Exchange Currency Management Services Footprint with Key New Mandates


Northern Trust Expands Foreign Exchange Currency Management Services Footprint with Key New Mandates
Clients Focus on Managing FX Exposures Through Advanced Currency Hedging Solutions
Northern Trust (Nasdaq: NTRS) is experiencing strong demand for its Foreign Exchange (FX) currency management services with a number of significant new mandates over the past 12 months.
The appointments to provide a full suite of currency management services span newly onboarded clients including
Blackwall Capital Investment AG, Kieger AG and
TT International Asset Management Limited, in addition to significantly expanded services for existing clients including
AMX (
Rockefeller Asset Management.
John Turney, global head of Foreign Exchange at Northern Trust, said: A combination of rising operational costs, governance pressures and regulatory requirements are encouraging asset managers and asset owners to delegate their FX currency hedging to a specialist third ....

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Northern Trust Corp (NTRS) Q4 2020 Earnings Call Transcript


Operator
Good day and welcome to the Northern Trust Fourth Quarter 2020 Earnings Conference Call. Today s conference is being recorded.
At this time, I would like to turn the conference over to Mark Bette, Director of Investor Relations. Please go ahead.
Mark Bette
Senior Vice President, Director of Investor Relations
Thank you. Madison. Good morning everyone and welcome to Northern Trust Corporation s fourth quarter 2020 earnings conference call. Joining me on our call this morning are Mike O Grady, our Chairman and CEO; Jason Tyler, our Chief Financial Officer; Lauren Allnutt, our Controller; and Kelly Lernihan from our Investor Relations team.
Our fourth quarter earnings press release and financial trends report are both available on our website at northerntrust.com. Also on our website, you will find our quarterly earnings review presentation which we will use to guide today s conference call. This January 21st call is being webcast live on northernt ....

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StanChart partner Northern Trust to Launch Zodia, a Crypto Custodian for Institutional Investors


SC Ventures, the innovation and ventures unit of Standard Chartered, and Northern Trust, a leading provider of asset servicing, have entered into an agreement to launch Zodia Custody, an institutional-grade custody solution for cryptocurrencies.
Cryptocurrencies already represent 0.3% of the world’s currency and bank deposits and are forecast to continue growing with a CAGR of 32% from 2019 to 20241. While there is increasing interest from institutional investors, they account for only 9% of investments in cryptocurrencies at present.
Zodia is designed to enable institutions to invest in the emerging cryptocurrency assets that are transforming how financial markets operate, including transaction and settlement activities. Under the agreement, which is subject to registration with the UK Financial Conduct Authority (FCA), all applicable regulatory filings and customary closing conditions, Zodia is expected to begin operations in London in 2021. ....

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