Northern Trust Expands U.S. Fund Servicing Capabilities with ETF Platform Launch
New capability extends Northern Trust’s fund servicing model to support asset managers launching and operating U.S. ETFs
Northern Trust (Nasdaq: NTRS) today announced the launch of its U.S. exchange-traded fund (ETF) servicing platform, beginning with its appointment by Harding Loevner to provide ETF servicing solutions for its first U.S. ETF, the International Developed Markets Select Equity ETF (NYSE: LOEV).
“ETFs continue to benefit from powerful structural tailwinds that are driving broader investor adoption and sustained industry growth, and our clients are increasingly looking for a single, strategic partner to deliver services across both mutual funds and ETFs as those worlds converge,” said Ryan Burns, Head of Global Fund Services, Americas at Northern Trust Asset Servicing. “This new capability is a natural extension of the full suite of asset servicing solutions Northern Trust provides to asset managers and positions us to help clients advance their evolving product strategies.”
Northern Trust has served Harding Loevner for more than 15 years, providing custody and fund administration across their fund complexes globally. This mandate represents an expansion of that relationship, with Northern Trust supporting Harding Loevner’s entry into the ETF market through an integrated asset servicing solution across custody, fund accounting, fund administration and transfer agency, alongside technology-enabled ETF-specific services such as basket creation, order taking, and authorized participant servicing.
