Northern Trust’s Integrated Trading Solutions (ITS) outsourced trading desk has confirmed that it is set to be supporting Stockholm-based fund company Avanza Fonder.
As part of the development, Northern Trust will provide outsourced trading primarily for Avanza Fonder’s global, emerging market, European and US equity market index funds.
Founded in 2006, Avanza Fonder is a wholly owned subsidiary of Avanza Bank Holding which provides services for private clients.
The fund company manages funds in-house and in collaboration with other managers.
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“After opting to bring the management of our index funds in-house, we aimed to find a solution that would streamline our trading processes so we could concentrate on what matters most, which is to achieve outstanding results for our clients,” said Jesper Bonnivier, chief executive at Avanza Fonder.
“By collaborating with Northern Trust and utilising their ITS platform, we’ve gained access to greater liquidity and scale, enabling us to drive growth and consistently surpass client expectations.”
The past year has seen multiple investment managers outsource their trading to Northern Trust.
Most recently, UK-based asset manager Artemis selected Northern Trust to provide outsourced trading services for its equities and derivatives activity, effective January 2025.
In August, Northern Trust was also selected to provide outsourced trading to global asset manager Nedgroup Investments via its Integrated Trading Solutions (ITS). Specifically, Northern Trust will support Nedgroup with its new in-house multi-boutique fixed income platform.
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“We are delighted to be working with Avanza Fonder, a leading fund manager in the Nordic region, to support them across the trading spectrum through an integrated middle-and back-office solution,” said Gerard Walsh, global head of client solutions banking and markets at Northern Trust.
“Our customised services will help Avanza Fonder navigate ongoing global market challenges, allowing them to focus on managing the assets entrusted to them, whilst we work with them to effectively manage the trade and post-trade lifecycle.”