CHICAGO & LONDON–(BUSINESS WIRE)–Recognizing the growth of digital markets alongside the continued evolution of the traditional securities services market, Northern Trust (Nasdaq: NTRS) has announced the creation of its Digital Assets and Capital Markets group, to be led by Justin Chapman, who is currently Global Head of Market Advocacy Research and Innovation.
The new group combines teams responsible for supporting fast-growing digital asset markets with those dedicated to providing market access and insights into traditional securities services markets.
“Clients are increasingly interested in developing digital markets and investing in digital assets, alongside allocations to more traditional asset classes such as equities, fixed income, alternatives and private assets,” said Pete Cherecwich, Chairman of Asset Servicing at Northern Trust. “Rather than creating separate lines of business, aligning our focus on digital and traditional markets, we can continue to develop services and capabilities that truly reflect and enable the evolving investment strategies of our clients.”
“Traditional and digital markets already co-exist and the lines between the two will only blur over time,” Chapman said. “As more and more institutional investors enter the digital arena, the rest of the securities industry is also facing an unprecedented amount of change resulting from new regulations, market developments and the development of emerging technological capabilities. For investors wishing to navigate this environment, our new combined group will provide access to cutting-edge expertise, industry knowledge and continuous innovation across all markets and asset classes.
Northern Trust has been a leading innovator in the digital transformation of the securities service. From pioneering the use of blockchain technology in private equity fund administration in 2017 to supporting bond tokenization and fractionalization in 2020 and partnering in the launch of Crypto Asset Custodian institutional quality Zodia Custody in 2021.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2022, Northern Trust had assets under custody/administration of US$15.5 trillion and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has distinguished itself as an industry leader for its 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, incorporated with limited liability in the USA Please read our global and regulatory information.