Northern Trust creates digital assets and financial markets group

New asset service team unites digital and traditional market functions

Chicago and London, 23 June 2022–(BUSINESS WIRE)–Recognizing the growth of digital markets combined with the continued evolution of the traditional securities services market, Northern Trust (NASDAQ: NTRS) has announced the formation of the Digital Asset and Financial Markets Group, which will be led by Justin Chapman who is currently the global head of innovation and research. Market defense.

The new group includes the teams responsible for supporting the rapidly growing digital asset markets and those dedicated to providing market access and insights across traditional securities services markets.

“Customers are increasingly interested in developing digital markets and investing in digital assets, along with allocations to traditional asset classes such as equities, fixed income, alternatives and private assets,” said Pete Sherkewicz, Head of Asset Services at Northern Trust. “Instead of creating separate lines of business, by aligning our focus on digital and traditional markets together, we can continue to develop services and capabilities that truly reflect and enable our clients’ evolving investment strategies.”

“Traditional and digital markets are already coexisting and the boundaries between the two will continue to blur over time,” Chapman said. “At the same time as more institutional investors are entering the digital arena, the rest of the securities industry is also facing an unprecedented amount of change arising from new regulations, market evolution and the development of emerging technology capabilities. For investors wanting to navigate this environment, our new combined suite will provide Access to market-leading expertise, industry insights and continuous innovations across all markets and all asset classes.”

Northern Trust has been an innovative pioneer in the digital transformation of the securities service. From pioneering the use of blockchain technology in managing private equity funds in 2017 to supporting bond tokenization and hashing in 2020 and partnering to launch Zodia Custody, an institutional-grade crypto asset keeper in 2021.

About Northern Trust

Northern Trust Corporation (NASDAQ: NTRS) is a leading provider of wealth management, asset service, asset management and banking to corporations, institutions, households and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and across 23 locations in Canada, Europe, the Middle East, and the Asia Pacific region. As of March 31, 2022, Northern Trust had assets under custody/management of $15.5 trillion, and assets under management of $1.5 trillion. For over 130 years, Northern Trust has been recognized as an industry leader in exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 USA, registered with a limited liability in the United States. Please read our global and regulatory information.

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