Northern Trust Expands Business Development Team For Global Foreign Exchange Solutions

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[{"type":"text","content":"\nUnderscores commitment to providing advanced FX capabilities and expertise to clients\n\n CHICAGO--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) announced today the appointment of two senior business development executives to its Global Foreign Exchange Solutions practice in North America. These strategic hires bolster Northern Trust’s commitment to providing leading FX capabilities to clients globally.\n\n\nDavid Byne and William Hartnett will be responsible for driving growth across the full range of FX solutions at Northern Trust, including algorithmic trading, CompleteFX™ (outsourced end-to-end FX dealing service), and Currency Management.\n\n\nBased in New York City, Byne brings almost 15 years of foreign exchange experience to Northern Trust. Before joining Northern Trust, Byne held a number of FX-related positions at Credit Suisse and Citi, among others.\n\n\nHartnett, based in Chicago, has more than a decade of foreign exchange experience, serving in several trading and sales roles before transitioning to business development. Prior to Northern Trust, Hartnett served as an FX options trader on the Chicago Board of Trade and at Fifth Third Bank.\n\n\n“The global FX market is vastly more complex and sophisticated than it once was, necessitating new processes and tools to remain competitive as an investment manager,” said John Turney, head of Global Foreign Exchange at Northern Trust Capital Markets. “We have invested heavily in our FX capabilities in recent years to ensure that our clients are equipped with the solutions they need to trade across global markets. The expansion of our business development team underscores our ongoing commitment to expand the breadth and depth of our service offering.”\n\n\nNorthern Trust Global Foreign Exchange, part of Northern Trust Capital Markets, provides 24/5 global coverage, through a comprehensive suite of FX services. This includes CompleteFX, the FX Algo Suite, Currency Management services, and principal dealing via desks in Chicago, London and Singapore.\n\n\nNorthern Trust Capital Markets provides brokerage, securities lending and transition management services, in addition to FX. It is a division of Corporate & Institutional Services, which provides asset servicing, fund administration and middle office solutions to institutional asset managers and asset owners around the g...

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