AJ Bell appoints Northern Trust and Carne Group
24 November 2025 UK
Image: PostmodernStudio/stock.adobe.com
Northern Trust and Carne Group have announced that they are providing asset servicing and Authorised Corporate Director (ACD) services respectively for AJ Bell, a UK-based asset manager and investment platform.
AJ Bell has selected Northern Trust to provide custody, depositary, and fund administration services for its in-house managed funds, and Carne as the funds’ ACD.
Servicing responsibilities for the funds have recently been transitioned to Northern Trust and Carne.
Laurence Everitt, head of Global Fund Services, UK, at Northern Trust, says: “We are delighted to be working with AJ Bell — a household name in UK financial services — to support their continuing efforts to create value for UK investors.
“As the UK’s leading provider of custody, depositary services and fund accounting by number of funds, Northern Trust has the requisite scale, expertise, and technology to support our client and their customers with their evolving strategic and financial plans.”
John Donohoe, CEO at Carne Group, comments: “We’re very pleased to have been selected by AJ Bell to act as Authorised Corporate Director for this key fund range, helping to support and enable the next phase of its growth.
“This partnership further expands our own footprint in the UK, as we continue to increase AUM and headcount, working with clients across asset classes and domiciles.”
Ryan Hughes, managing director at AJ Bell Investments adds: “These appointments bolster our business with depth and flexibility to further optimise our operating model.
“Northern Trust and Carne bring proven funds industry experience and operational infrastructure that align with our objectives for scalable growth — and further enhance our ability to help customers put their money to work in line with their investment objectives.”
AJ Bell has selected Northern Trust to provide custody, depositary, and fund administration services for its in-house managed funds, and Carne as the funds’ ACD.
Servicing responsibilities for the funds have recently been transitioned to Northern Trust and Carne.
Laurence Everitt, head of Global Fund Services, UK, at Northern Trust, says: “We are delighted to be working with AJ Bell — a household name in UK financial services — to support their continuing efforts to create value for UK investors.
“As the UK’s leading provider of custody, depositary services and fund accounting by number of funds, Northern Trust has the requisite scale, expertise, and technology to support our client and their customers with their evolving strategic and financial plans.”
John Donohoe, CEO at Carne Group, comments: “We’re very pleased to have been selected by AJ Bell to act as Authorised Corporate Director for this key fund range, helping to support and enable the next phase of its growth.
“This partnership further expands our own footprint in the UK, as we continue to increase AUM and headcount, working with clients across asset classes and domiciles.”
Ryan Hughes, managing director at AJ Bell Investments adds: “These appointments bolster our business with depth and flexibility to further optimise our operating model.
“Northern Trust and Carne bring proven funds industry experience and operational infrastructure that align with our objectives for scalable growth — and further enhance our ability to help customers put their money to work in line with their investment objectives.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
