Northern Trust steps in to handle trading for Avanza Fonder
- Northern Trust has announced an outsourcing partnership to support Avanza Fonder's fund management.
- The collaboration focuses on enhancing Avanza Fonder's trading capabilities for various index funds.
- This partnership allows Avanza Fonder to streamline its operations and better serve its clients.
In Stockholm, on December 9, 2024, Northern Trust announced its support for Avanza Fonder through its Integrated Trading Solutions (ITS) outsourced trading desk. Avanza Fonder, a fund company focused on private clients, manages both in-house funds and collaborates with various managers. This partnership primarily aims to enhance the company's trading operations, specifically for their Global, Emerging Market, European, and US equity market index funds. Gerard Walsh, Northern Trust's global head of Client Solutions Banking & Markets, expressed satisfaction in working with a leader in the Nordic region, while Petra Sjogeras, head of Nordics at Northern Trust, emphasized the importance of efficiency, particularly amid rising costs and market volatility in the region. Jesper Bonnivier, CEO of Avanza Fonder, indicated that bringing index fund management in-house required a solution to streamline trading processes, enabling better focus on client outcomes. With Northern Trust's ITS platform, Avanza Fonder gains improved access to liquidity and scalability, facilitating growth while meeting client demands.