Northern Trust has been chosen as the sole provider of trading services for Waverton Investment Management.
The partnership is part of Northern Trust’s integrated trading solutions (ITS) initiative, which specialises in outsourced trading support.
Waverton, headquartered in the UK with offices in London, Edinburgh and Glasgow, is an owner-managed investment firm. As of December 31, 2022, it has £9.1 billion (about US$11.6 billion) AuM. Waverton’s client base encompasses private investors, charities, financial advisers and institutional investors.
Northern Trust’s role in this partnership involves managing Waverton’s equity, derivative and fixed-income asset trading.
This arrangement stems from Waverton’s strategic review of its operating model, seeking to align its structure with its expansion goals, particularly in diversifying its product offerings and enhancing investment capabilities.
As part of this collaboration, Waverton’s traders Rene Naya and Sam Tresadern are set to join Northern Trust, signifying a deeper integration between the two entities.
Michael Allen, chief operating officer at Waverton, said: “Outsourcing our trading to Northern Trust provides Waverton with access to global markets, high-quality liquidity and operational scale, while also allowing us to continue benefiting from Rene and Sam’s valuable institutional knowledge of our business.
“In addition to both organisations’ strong service ethos and cultural fit, we are confident this combination delivers the service and operational resilience we require to support our growth aspirations.”
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