LONDON--(BUSINESS WIRE)--To support the continued momentum of Northern Trust’s hedge fund administration business, Northern Trust (Nasdaq:NTRS) has appointed David Burnett as head of Northern Trust Hedge Fund Services in Europe, Middle East and Africa (EMEA).
Based in London, Burnett will lead Northern Trust Hedge Fund Services in EMEA, reporting to Peter Sanchez, global head of Northern Trust Hedge Fund Services.
“Managing hedge funds amidst the challenges of today’s market environment requires the right combination of expertise, automation and controls,” said Peter Sanchez, global head of Northern Trust Hedge Fund Services. “David has been instrumental in integrating Hedge Fund Services in EMEA and his invaluable experience will ensure we are best placed to continue providing outstanding client service using innovative technology.”
“Data management is critical to the success of our client’s ability to meet regulatory, investor, and operational requirements,” said Burnett. “Our technology delivers real-time, transparent and consolidated data which supports meeting the diverse range of stakeholder data requirements.”
Burnett joined Northern Trust in 2011 as head of Relationship Management, EMEA, following Northern Trust’s acquisition of Omnium LLC from Citadel. He has more than 15 years of financial services experience, including roles at Omnium LLC and Citadel Investment Group.
Since its acquisition in 2011, Northern Trust Hedge Fund services has seen a period of rapid growth attracting more than 95 new client mandates and over US$200 billion in assets under administration, including one from the world’s largest global hedge fund managers, Bridgewater Associates.
Northern Trust Hedge Fund Services provides unique solutions to the asset management industry through its ability to streamline the interactions between all parties involved and improve efficiencies between administrators, custodians, fund managers, asset owners and fund raisers. Capabilities include comprehensive middle office and administration services, specializing in trade processing, valuation, real-time reporting, cash management, accounting, collateral management and investor servicing.
About Northern Trust
Northern Trust Corporation (Nasdaq:NTRS) is a leading provider of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. Chicago-based Northern Trust has offices in 19 states, Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2014, Northern Trust had assets under custody of US$6 trillion, and assets under investment management of US$934.1 billion. For 125 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com and follow us on Twitter @NorthernTrust.
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 http://www.northerntrust.com/disclosures