Northern Trust has been selected by Canada Life Asset Management (CLAM) for comprehensive asset servicing solutions, announces Northern Trust in a press release.
These services include middle office outsourcing, global custody, securities lending, fund administration, and depositary services. This appointment consolidates all of CLAM’s middle office services under Northern Trust, encompassing both investment book of record and data solutions.
CLAM, headquartered in London, manages over £39.6 billion (as of 31 March 2024) across diverse asset classes such as fixed income, equities, UK property, and multi-asset solutions. It is part of Canada Life, which operates in Canada, the UK, Isle of Man, and Germany, offering insurance and wealth management products.
