UK-based independent investment manager Waverton Investment Management has selected Northern Trust to provide integrated trading solutions as it plans to expand its product range and investment capabilities.
Northern Trust’s integrated trading solutions (ITS) outsourced trading desk will support the firm’s equities, derivatives and fixed income asset trading as its sole trading services provider.
The ITS suite helps clients to reduce cost and risk while managing regulatory compliance, improving operational efficiency and increasing transparency, Northern Trust says.
Michael Allen, chief operating officer at Waverton Investment Management, says: “Outsourcing our trading to Northern Trust provides Waverton with access to global markets, high-quality liquidity and operational scale.
“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.”
Glenn Poulter, global head of brokerage and ITS at Northern Trust, comments: “To date, our ITS client base has consisted primarily of institutional asset managers and asset owners, but we see increasing interest in this solution from wealth managers as they look to enhance operating capacity and future-proof their operating models. Our appointment by Waverton is testament to this shift.”
