Northern Trust and Merlin Securities have entered into an agreement to provide Merlin prime brokerage clients with fully integrated access to Northern Trust’s global custody and administration services.

The agreement with Northern Trust enhances Merlin’s existing broker-dealer custody relationships with Goldman Sachs Execution and Clearing and J.P. Morgan Clearing. Merlin’s clients now have access to all three providers through Merlin’s multi-prime reporting platform.
 
“In today’s market, managers and investors are seeking custodial solutions that reduce their counterparty risk and provide fully integrated, multi-custodian reporting analytics and risk data,” says Stephan Vermut, founder and managing partner of Merlin. “Our agreement with Northern Trust addresses this need for our clients and grants seamless access to a bank custody provider with an unparalleled reputation for quality, safety and stability.”
 
“Northern Trust is delighted to add Merlin and its clients to our growing hedge fund custody and administration business – which now provides asset servicing for more than USD90bn in assets worldwide,” says Peter Cherecwich, chief operating officer for corporate and institutional services at Northern Trust. “Merlin’s technology, risk analytics, and multi-custody reporting capabilities are a strong complement to Northern Trust’s hedge fund services.”


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