Northern Trust launches U.S. ETF servicing platform to expand its asset servicing capabilities for investment managers. Northern Trust launches a U.S. ETF servicing platform with Harding Loevner as its first client. Northern Trust launches a U.S. ETF servicing platform to support the firm’s first U.S. exchange-traded fund, the International Developed Markets Select Equity ETF (NYSE: LOEV).
The new platform extends Northern Trust’s established fund servicing model to meet the growing needs of asset managers entering the U.S. ETF market. Moreover, the company designed the offering to provide integrated operational support while simplifying ETF administration. As a result, clients can manage both mutual funds and exchange-traded funds through a single strategic service provider.
Northern Trust has worked with Harding Loevner for more than 15 years. During that time, the company has delivered custody and fund administration services across Harding Loevner’s global fund complexes. Consequently, the latest appointment expands an already established relationship between the two organizations.
“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.”
The expanded mandate allows Northern Trust to support Harding Loevner’s entry into the ETF market through a comprehensive servicing model. Additionally, the company will provide custody, fund accounting, fund administration, and transfer agency services. The platform also includes ETF-specific capabilities such as basket creation, order processing, and authorized participant servicing. Therefore, investment managers can access a unified solution for complex ETF operations while improving operational efficiency.
Integrated ETF Solutions Support Growing Investment Strategies
Northern Trust developed its U.S. ETF servicing platform to address changing market demands. Furthermore, the solution combines scalable technology with operational expertise and client-focused service. The platform also helps investment managers launch and operate ETFs in an increasingly competitive marketplace.
“We are delighted that Harding Loevner has selected Northern Trust to support the launch of LOEV,” said Phil Nanof, Head of ETF Services, Americas at Northern Trust Asset Servicing. “This appointment represents an important milestone and reflects the strong alignment between Harding Loevner’s investment expertise and Northern Trust’s long-standing fund servicing capabilities and innovative ETF solutions. We built our U.S. ETF servicing platform with the evolving needs of asset managers in mind, combining operational excellence, scalable technology, and a client-centric service model designed to help clients succeed in a rapidly growing and increasingly sophisticated ETF marketplace.”
Harding Loevner described the ETF launch as a significant milestone for the firm. The investment manager also highlighted the value of its long-standing relationship with Northern Trust.
“Launching our first U.S. ETF is an important milestone for Harding Loevner and reflects our commitment to giving clients more ways to access our investment capabilities,” said Aaron Bellish, CEO of Harding Loevner. “Northern Trust has been a trusted partner to our firm for many years, and we’re pleased to extend that relationship as we bring LOEV to market. As we expand the ways we serve our clients and Northern Trust broadens its fund servicing capabilities, we’re excited to build on our long-standing partnership.”
Overall, Northern Trust continues expanding its asset servicing portfolio for global investment managers. The company provides fund administration, global custody, investment operations outsourcing, and data solutions. These services support diverse investment strategies across multiple asset classes while addressing the evolving needs of the ETF industry.
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News Source: Businesswire.com
