Northern Trust Admin. Names Europe Head

Mar 7 2013 | 12:18am ET

Northern Trust has named a member of its Irish securities services business to head Citadel Investment Group's former specialist hedge fund administration unit in Europe, which it acquired two years ago.

Liam Butler has been appointed head of Northern Trust Hedge Fund Services, formerly known as Omnium. He joined Northern Trust Securities Services in Ireland in 2011, the same year Northern Trust acquired Omnium, when the firm acquired Bank of Ireland Securities Services.

"Since the establishment of Northern Trust Hedge Fund Services we have seen an increasing demand in particular for our middle office services across the globe," NTHFS chief Peter Sanchez said. "In his new role, Liam will build on our 20-year experience of hedge fund administration in the region and ensure we continue to support our clients with the most innovative, leading-edge technologies."

"We understand that hedge fund managers in Europe face a number of challenges, many of which are rooted in the implementation of new regulations," Butler said. "Our technology delivers real-time, transparent and consolidated data which supports them as they work to support the requirements of regulations such as the AIFMD, UCITS and FACTA."

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