Northern Trust Enhances Global Brokerage Capabilities
December 02 2015 - 1:01AM
Business Wire
Acquisition of Aviate Global LLP strengthens
global trading and transition management services
Northern Trust (Nasdaq: NTRS) announced today that it has
reached an agreement to acquire Aviate Global LLP, an
institutional-focused equity brokerage firm offering market
research, trading and execution services with licenses in multiple
global jurisdictions.
“This transaction aligns with our commitment to provide clients
with a comprehensive set of solutions to meet their investment
servicing needs,” said Michael O’Grady, president of Corporate
& Institutional Services. “We look forward to expanding our
brokerage capabilities in EMEA and APAC to better serve our
institutional and Global Family Office clients globally. Our
clients also will benefit from the deep expertise and sophisticated
trading solutions from the Aviate Global team. Additionally, the
transaction demonstrates Northern Trust’s continued commitment to
meeting the transition management needs of our clients.”
Guy Gibson, co-founder of Aviate Global, said, “We look
forward to leveraging Northern Trust’s strong global brand and full
range of asset management, asset servicing and wealth management
services.”
Gary Paulin, Aviate Global co-founder, said, “Like Northern
Trust, Aviate Global has been committed to excellence and superior
client service and we will continue to work on behalf of our
clients to provide high quality execution capabilities.”
The acquisition, subject to applicable regulatory approvals and
other customary closing conditions, is anticipated to close in the
first quarter of 2016.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has offices in the
United States in 19 states and Washington, D.C., and 20
international locations in Canada, Europe, the Middle East and the
Asia-Pacific region. As of September 30, 2015, Northern Trust had
assets under custody of US$6 trillion, and assets under management
of US$887 billion. For more than 125 years, Northern Trust has
earned distinction as an industry leader for exceptional service,
financial expertise, integrity and innovation. Visit
northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at http://www.northerntrust.com/disclosures.
About Aviate Global
Aviate Global is a global institutional equity brokerage with
offices in London, New York, Hong Kong and Sydney. Established in
2007, Aviate is a client-focused brokerage firm serving clients
internationally from offices across three continents.
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version on businesswire.com: http://www.businesswire.com/news/home/20151201006880/en/
Northern Trust CorporationInvestor Contact:Bev
Fleming312-444-7811Beverly.Fleming@ntrs.comorMedia Contact:Doug
Holt312-557-1571Doug.Holt@ntrs.comhttp://www.northerntrust.com
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