Nationwide Asset Services

Cushman & Wakefield Unveils Asset Optimization Group for Underperforming and Distressed Assets

Retrieved on:

Monday, December 18, 2023

Commercial Building & Real Estate, Construction & Property, Professional Services, Finance, NYSE, Cushman & Wakefield, Nationwide Asset Services, GFC, Real estate, Asset management, Capital market, Valuation, CWK, Financial adviser, Greenwood

"These solutions for assets under duress are just one of the responses we’re providing clients as they explore longer-term solutions such as comprehensive property repositioning and even repurposing,” said Marla Maloney, President of Americas Services at Cushman & Wakefield. “Our relationships with investors, lenders and servicers -- and our focus on understanding the uniqueness of each asset -- contributes to a smooth receivership, stabilization and maximum return on their investments.”

Key Points:

Cushman & Wakefield (NYSE: CWK), today announced its Asset Optimization Group, renewing the company's commitment to supporting lenders, investors and servicers of underperforming assets.
“The Asset Optimization Group provides integrated, tailored solutions to maximize recovery for office, industrial, retail, and multifamily properties that are underperforming or distressed in this new environment.”
Cushman & Wakefield will leverage its comprehensive suite of services, including receivership, property management, leasing, market research, asset and note sales, asset finance, valuation, and advisory.
The goal is to optimize asset recovery, mitigate deterioration, and swiftly pursue the best resolution.
"Our clients need strategic solutions to maximize the recovery of underperforming assets," said Andrew McDonald, Global President, Cushman & Wakefield.

Northern Trust Announces a Partnership with Novata, Adding Private Markets Data and Benchmarking Capabilities to Whole Office Strategy

Retrieved on:

Thursday, November 2, 2023

Northern Trust (Nasdaq: NTRS) has reached an agreement to make available Novata’s ESG data management software solution to Northern Trust asset servicing clients, following a strategic investment in the company.

Key Points:

Northern Trust (Nasdaq: NTRS) has reached an agreement to make available Novata’s ESG data management software solution to Northern Trust asset servicing clients, following a strategic investment in the company.
The addition of Novata’s data management solution is an extension of Northern Trust’s Whole Office strategy that will provide asset owners a clearer view of the ESG impact of private companies on investment portfolios and simplify the ESG data collection process for investors and portfolio companies.
Northern Trust Whole Office facilitates client access to new technologies, services and solutions across the investment lifecycle.
Novata offers the technology and expertise to streamline and simplify ESG data management for the private markets.

Northern Trust Hosts Second Charity Trading Day to Benefit Four Global Charities

Retrieved on:

Tuesday, October 24, 2023

Professional Services, Philanthropy, Fund Raising, Finance, Foundation, Asset Management, Banking, Capital market, Nationwide Asset Services, Northern Trust, Treasury services, Asset, Organic, Ronald McDonald House Charities, RMHC, Cryptocurrency

Northern Trust has held its second Charity Trading Day, with employees across the world participating to benefit four global charities, aligned with the company’s philanthropic strategy.

Key Points:

Northern Trust has held its second Charity Trading Day, with employees across the world participating to benefit four global charities, aligned with the company’s philanthropic strategy.
In the coming year, Northern Trust employees and clients will also donate thousands of volunteering hours in support of a number of the charities’ projects across the globe.
The global effort, led by Northern Trust Asset Servicing, aligns with the company’s long-term community investment strategy to support those who have been marginalized with more opportunities to achieve long-term financial success.
“Our first Charity Trading Day in 2022 benefited global housing non-profit Habitat for Humanity International, with our employees donating many volunteering hours as well,” said Pete Cherecwich, president of Northern Trust Asset Servicing.

Amber Group Continues to Strengthen Resilience with Enhanced Compliance, Security, and Industry Collaborations

Retrieved on:

Tuesday, September 19, 2023

Crypto, The War Room, ISO, Thoughtworks, Risk management, Privacy, USD, Payment, Nationwide Asset Services, AML, Acquisition, OVO (payment service), VASP, Cryptocurrency and crime, Growth, Ecosystem, DPT, Cryptocurrency

"Amber Group's resilience and growth can be attributed to its state-of-the-art technology infrastructure, deep expertise in the crypto market, broad client base, and effective risk management practices," says Annabelle Huang, Managing Partner of Amber Group.

Key Points:

"Amber Group's resilience and growth can be attributed to its state-of-the-art technology infrastructure, deep expertise in the crypto market, broad client base, and effective risk management practices," says Annabelle Huang, Managing Partner of Amber Group.
Amber Group remains committed to industry collaboration and strategic investments to adapt to the evolving market.
Amber Group is proud to provide uninterrupted fiat on/off ramp services, ensuring seamless access to digital assets for its users.
Additionally, Amber Group offers quick access to funds, settling transactions instantly or within 24 hours, eliminating lengthy processing times and providing users with enhanced convenience.

Northern Trust Developing Digital Platform for Institutional Voluntary Carbon Credit Transactions

Retrieved on:

Monday, September 11, 2023

Northern Trust (Nasdaq: NTRS) announced today it has completed the first stage toward an industry-wide voluntary carbon credit ecosystem that would allow institutional buyers to digitally access carbon credits from leading project developers.

Key Points:

Northern Trust (Nasdaq: NTRS) announced today it has completed the first stage toward an industry-wide voluntary carbon credit ecosystem that would allow institutional buyers to digitally access carbon credits from leading project developers.
The announcement follows Northern Trust’s successful milestone of completing fully automated transactions on the initial minimum viable product (MVP) digital carbon credit platform it has developed with carbon avoidance and removal project developers including Go Balance Limited, ReGen III (TSXV: GIII) and a direct air capture company in addition to institutional buyers.
The ecosystem utilizes private ledger digital blockchain technology to connect institutional buyers with carbon credit suppliers who are focused on solutions to reduce greenhouse gases including carbon dioxide.
The fully digital platform allows purchasers to transact tokenized carbon credits directly with project developers and retire these against their carbon footprint.

R&T Deposit Solutions Announces Strategic Investment from GTCR and Appointment of Susan Cosgrove as Executive Chairperson

Retrieved on:

Thursday, September 7, 2023

NEW YORK, Sept. 7, 2023 /PRNewswire/ -- R&T Deposit Solutions ("R&T" or the "Company"), a leading provider of tech-enabled liquidity management, deposit funding, and securities-based lending programs, announced today that it has received a significant investment from GTCR, a leading private equity firm. Following the investment, GTCR owns 50% of R&T with the remaining 50% retained by existing shareholders, which include Estancia Capital Partners ("Estancia") and R&T's founding team and employees. In conjunction with the investment, Susan Cosgrove will join R&T as Executive Chairperson. Susan will work closely with CEO Joe Jerkovich and other members of management.

Key Points:

In conjunction with the investment, Susan Cosgrove will join R&T as Executive Chairperson.
The appointment of Ms. Cosgrove as Executive Chairperson and the investment by GTCR are intended to further support and sustain the Company's high rate of growth in its depository network offering while broadening the Company's product offerings and augmenting technology infrastructure.
"Together with GTCR and Susan Cosgrove, our enthusiasm for the Company's prospects has never been greater."
I look forward to working closely with Susan, GTCR, and Estancia on this next phase of our journey."

Northern Trust Appoints Head of Asset Servicing, Hong Kong

Retrieved on:

Tuesday, September 5, 2023

Banking, Asset Management, Professional Services, Finance, Head Office, Nationwide Asset Services, Trust, Multimedia, Credit Suisse, State Street, BNP Paribas, Government, University College Cork, Economics, Property management, Cryptocurrency, Northern Trust

Northern Trust (Nasdaq: NTRS) has appointed Aisling Keane as head of Asset Servicing, Hong Kong, effective 4 September 2023.

Key Points:

Northern Trust (Nasdaq: NTRS) has appointed Aisling Keane as head of Asset Servicing, Hong Kong, effective 4 September 2023.
View the full release here: https://www.businesswire.com/news/home/20230904736368/en/
Northern Trust (Nasdaq: NTRS) has appointed Aisling Keane as head of Asset Servicing, Hong Kong.
(Photo: Business Wire)
In the newly created role, Keane will lead Northern Trust’s asset servicing business in Hong Kong, Macau and Taiwan.
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.

Northern Trust Leaders to Participate in Barclays Global Financial Services Conference on September 12th

Retrieved on:

Monday, August 14, 2023

Banking, Asset Management, Professional Services, Finance, Nationwide Asset Services, Northern Trust, Conference, Life insurance

Northern Trust Corporation announced today that Chief Financial Officer Jason Tyler and President of Asset Servicing Peter Cherecwich will participate in the Barclays Global Financial Services Conference in New York City on Tuesday, September 12, 2023, at 9:45 a.m. (ET).

Key Points:

Northern Trust Corporation announced today that Chief Financial Officer Jason Tyler and President of Asset Servicing Peter Cherecwich will participate in the Barclays Global Financial Services Conference in New York City on Tuesday, September 12, 2023, at 9:45 a.m. (ET).
A live webcast of the event may be accessed via Northern Trust's website ( www.northerntrust.com ) in the investor relations section.
A replay will be available for approximately four weeks after the session date.

Citco to Establish Puerto Rico as a Global Investment Support Base

Retrieved on:

Tuesday, June 20, 2023

Professional Services, Business, Finance, Treasury, Senior, Education, Puerto Rico Department of Economic Development and Commerce, NAV, Nationwide Asset Services, Administration, Economic development, Growth, AUA, News, Commerce, Airline, Operation, Citco

The Citco group of companies (Citco), a global leader in alternative finance, has chosen Mayagüez as its latest base for a client support center – the first of its kind on the west coast, which will help to establish Puerto Rico as a talent-base for institutional financial companies.

Key Points:

The Citco group of companies (Citco), a global leader in alternative finance, has chosen Mayagüez as its latest base for a client support center – the first of its kind on the west coast, which will help to establish Puerto Rico as a talent-base for institutional financial companies.
Working closely with Invest Puerto Rico (InvestPR) and the Department of Economic Development and Commerce (DEDC), Citco has chosen Puerto Rico as its latest base due to its broad availability of educated professionals in the financial sector.
The Mayagüez office is undergoing renovations and will be led by Colin Johnson, Senior Vice President of Operations, Citco (Puerto Rico), LLC, who has been with Citco for over 13 years.
Puerto Rico is proud to partner with Citco as they move forward with their plans on the island and expand their world-class operations to Puerto Rico.”

Scotiabank appoints Francisco Aristeguieta to lead International Banking business

Retrieved on:

Monday, April 10, 2023

Gender inequality in the English Caribbean, Nationwide Asset Services, Espresso, Mashreq (bank), Asset, Nachos, Organization, State Street, Digital transformation, Citigroup, Tertiary Institutions Service Centre, Growth, Bank, Scotiabank, Cryptocurrency, Drug, Video game

TORONTO, April 10, 2023 /PRNewswire/ - Scotiabank announced today that it has appointed Francisco Aristeguieta to the role of Group Head, International Banking, effective May 1, 2023.

Key Points:

TORONTO, April 10, 2023 /PRNewswire/ - Scotiabank announced today that it has appointed Francisco Aristeguieta to the role of Group Head, International Banking, effective May 1, 2023.
Mr. Aristeguieta will become a part of the executive management team, with responsibility for the Bank's International Banking business line.
He has significant senior leadership experience leading country operations and overseeing business lines that stretch across Latin America and other international markets.
Mr. Deschamps joined Scotiabank in 2016, playing an integral role leading the Bank's International Banking business line and digital transformation efforts across its global footprint.