Northern Trust marks 35 years in Canada with $65.5B in new assets under custody

Northern Trust marked 35 years in Canada, reporting strong 2025 momentum with over CAD 90 billion ($65.5 billion) in new assets under custody from Canadian institutions.

Growth in 2025 was driven by new and expanded client relationships seeking solutions across global custody, investment accounting, front‑office data integration, currency management, analytics and asset management. Canadian institutions also continue to adopt Northern Trust’s data‑centric operating model, leveraging centralised information delivery and enhanced governance tools to support increasingly complex oversight needs.

“Northern Trust’s 35‑year presence in Canada reflects our long‑standing commitment to the market and the trust we have built with asset owners across the country,” said Katie Pries, country executive for Northern Trust Asset Servicing in Canada. “As client needs continue to evolve, our platform brings together servicing, data, and investment solutions, including those offered through Northern Trust Asset Management in Canada, NT Global Advisors, Inc., to support institutions across the entire investment lifecycle, with both local expertise and global capabilities.”

2025 marked the launch of index funds in Canada by NT Global Advisors, Inc., further strengthening solutions and strategic relevance to Canadian investors. These new funds leverage Northern Trust Asset Management’s 50 years of indexing expertise across $941 billion of passively managed assets globally, to meet the growing demand for:

Precise market exposure through institutional-grade index tracking and risk management

Cost‑efficient passive investment strategies

ESG‑integrated index methodologies

The launch reinforces Northern Trust’s commitment to providing Canadian asset owners with a full spectrum of investment capabilities—spanning highly efficient core indexing, precise quantitative active strategies, private market alternatives and recognised leadership in institutional liquidity management.

“Introducing index funds to Canadian institutional marketplace was a natural extension of our long‑standing index leadership,” said Alice Fang, president and CEO, NTGAI and head of Northern Trust Asset Management in Canada. “In addition to our active investment management across public and private markets, we are proud to bring Canadian investors the same precision, efficiency and stewardship that define our global index platform.”

“Our success in 2025 underscores the value we bring to Canadian asset owners seeking a partner with global scale, deep expertise, and a long track record of operational excellence,” said Brent Kalemkiarian, head of Canada Asset Servicing Business Development. “We are honoured to support some of Canada’s largest institutional investors as they navigate increasingly complex investment and operational landscapes.”

Since 1991, Northern Trust has supported Canadian pension funds, endowments, foundations, and other large asset‑owning institutions through its locally based teams and global operating platform. The Northern Trust Company, Canada has expanded steadily over more than three decades, today serving many of the country’s largest and most sophisticated asset owners.

Re-disseminated by Wealth and Society