•  
• Tweet
•  
•  
•        Print
•  
•        Email
•  
•         Track Keywords

The partnership with Lumint strengthens Northern Trust's platform for currency hedging, including portfolio overlay, share class hedging and look-through hedging. It also supports further innovations in hedging program management and analytics to meet the evolving needs of global investors.

"Northern Trust is committed to delivering best-in-class foreign exchange services and we are excited to announce this strategic partnership with Lumint for currency hedging. This enables us to offer a differentiated and innovative solution to our clients who are looking to delegate their hedging needs and benefit from our expertise, coupled with Lumint's powerful tools and technology," said John Turney, Global Head of Foreign Exchange at Northern Trust Capital Markets.

"Lumint is delighted to work with Northern Trust to support its clients in managing and hedging currency risk," said Alex Dunegan, Chief Executive Officer of Lumint. "Through our collaboration with Northern Trust, clients including asset managers and asset owners will benefit from process excellence, superior technology, transparency, analytics and sophisticated reporting on their currency overlay and FX programs."

Northern Trust Global Foreign Exchange, part of Northern Trust Capital Markets, provides a range of liquidity, trading, transaction processing and outsourced FX solutions for institutional investors. Northern Trust Capital Markets provides brokerage, securities lending and transition management services, in addition to FX, and 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 globe.