'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', said Peter Sanchez, global head of Northern Trust Hedge Fund Services. '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'.
Northern Trust Hedge Fund Services was established in 2011, following Northern Trust’s acquisition of Omnium LLC from Citadel. Since its inception, it has gained 40 new clients across the globe, including most recently, the appointment by Bridgewater Associates, one of the world’s largest global hedge fund managers to independently replicate certain middle and back-office services for its US$140 billion in assets under management.
'We understand that hedge fund managers in Europe face a number of challenges, many of which are rooted in the implementation of new regulations', said Butler. '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 FATCA'.
Butler joined Northern Trust in 2011 and was most recently managing director of Northern Trust Securities Services (Ireland) – the business formed following the acquisition of Bank of Ireland Securities Services. He is a qualified solicitor and a member of the Incorporated Law Society of Ireland.
Northern Trust is one of the world's leading asset-servicing providers, offering global expertise and local specialist services to investment managers and institutional investors in more than 40 countries. With more than US$180 billion in hedge fund assets under administration, Northern Trust Hedge Fund Services provides specialist administration services to approximately 800 funds across more than 150 client managers from its client servicing locations in Dublin, Limerick, London, Luxembourg, Guernsey, Chicago, New York and Hong Kong.