Canada Life Asset Management (CLAM) has selected Northern Trust for its asset servicing solutions including middle office outsourcing, global custody, securities lending, fund administration and depositary services.
Headquartered in London, CLAM manages more than £39.6bn (as of 31 March 2024) across a 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, CEO, asset management at CLAM, said:“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.”
Laurence Everitt, head of global fund services, UK at Northern Trust, said: “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.
Northern Trust’s appointment consolidates all CLAM middle office solutions with a single service provider and includes the provision of both investment book-of-record and data solutions.
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