Northern Trust announced today the successful closing of its acquisition of Aviate Global LLP, an institutional equity brokerage firm offering market research and execution services with offices in London, New York, Hong Kong and Sydney.
Northern Trust announced its intention to acquire Aviate on December 2, 2015, subject to applicable regulatory approvals and other customary closing conditions. The new business will be integrated into Northern Trust’s existing brokerage business, Northern Trust Securities.
Aviate’s global presence will strengthen Northern Trust’s ability to deliver sophisticated trading solutions to meet the investment servicing and transition management needs of clients worldwide. The acquisition provides a local trading and servicing presence in Europe, Middle East, Africa and Asia-Pacific, deeper global equity expertise and distinctive research offerings.
“We are very pleased to announce the completion of our acquisition of Aviate,” said Mike Vardas, global head of capital markets at Northern Trust. “We’re looking forward to supporting greater reach of AviateLive, now powered by Northern Trust Securities, a research product designed to drive actionable investment ideas for current and future clients.”
Northern Trust welcomes more than 30 professionals, including Aviate co-founders Guy Gibson and Gary Paulin, to Northern Trust Securities’ global brokerage business within Corporate & Institutional Services.
“Like Northern Trust, Aviate is committed to delivering exceptional client service and we’ll continue to work in close partnership with our clients to provide our unique research and high-quality execution capabilities as part of Northern Trust,” said Gibson.
“We are delighted to be joining Northern Trust and look forward to leveraging their strong global brand,” said Paulin.
Northern Trust's Corporate & Institutional Services business unit is a leading global provider of asset servicing, asset management and related services to fund managers, sovereign wealth funds, pension funds, foundations, endowments, insurance companies and government funds.