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Northern Trust expands US Fund Servicing Capabilities
['Asset Servicing Times', 'Reporter', 'Zarah Choudhary', 'Matthew Challis', 'Madison', 'Sonni', 'Theodore Law', 'Tahlia Kraefft']
Asset Servcing Times | rss daily news feed
Northern Trust has launched its US exchange -traded fund (ETF) servicing platform, beginning with its appointment by Harding Loevner to provide ETF servicing solutions for its first US ETF, the International Developed Markets Select Equity ETF.
Northern Trust has served Harding Loevner for more than 15 years, providing custody and fund administration across their fund complexes globally.
Phil Nanof, head of ETF Services, Americas at Northern Trust Asset Servicing, adds: “We are delighted that Harding Loevner has selected Northern Trust to support the launch of LOEV.
This appointment represents an important milestone and reflects the strong alignment between Harding Loevner’s investment expertise and Northern Trust’s long-standing fund servicing capabilities and innovative ETF solutions.
As we expand the ways we serve our clients and Northern Trust broadens its fund servicing capabilities, we’re excited to build on our long-standing partnership.”