Northern Trust to Acquire Aviate Global; Terms Not Disclosed
Northern Trust (Nasdaq: NTRS) announced today that it has reached an
agreement to acquire Aviate Global LLP, an institutional-focused equity
brokerage firm offering market research, trading and execution services
with licenses in multiple global jurisdictions.
"This transaction aligns with our commitment to provide clients with a
comprehensive set of solutions to meet their investment servicing
needs," said Michael O'Grady, president of Corporate & Institutional
Services. "We look forward to expanding our brokerage capabilities in
EMEA and APAC to better serve our institutional and Global Family Office
clients globally. Our clients also will benefit from the deep expertise
and sophisticated trading solutions from the Aviate Global team.
Additionally, the transaction demonstrates Northern Trust's continued