Northern Trust chosen by CLAM for comprehensive asset servicing, enhancing investment and data solutions
Northern Trust has been selected by Canada Life Asset Management (CLAM) to provide asset servicing solutions, including middle office outsourcing, global custody, securities lending, fund administration, and depositary services.
This appointment consolidates all of CLAM’s middle office solutions under Northern Trust, which will also provide investment book of record and data solutions.
“We chose Northern Trust for their ability to support our diverse investments, deliver high-quality data, and integrate with our order management system,” stated Mark Giancola, chief operating officer at CLAM. “We trust Northern Trust to help our investors and clients achieve long-term financial goals.”
“We are excited to support CLAM’s investments and their focus on operational efficiency and data quality. Our technology, global operating model, and capability to support multiple asset classes on one platform meet the needs of institutional asset managers and asset owners,” stated Laurence Everitt, head of Global Fund Services, UK at Northern Trust.
Northern Trust’s Global Fund Services provides fund administration, global custody, investment operations outsourcing, and data solutions to global investment managers, supporting a wide range of complex investment strategies across all asset classes.
CLAM is part of Canada Life, offering insurance and wealth management services in Canada, the UK, Isle of Man, and Germany.
