Northern Trust Launches U.S. ETF Servicing Platform

Northern Trust has launched a U.S. ETF servicing platform, with Harding Loevner as its first client for the newly listed International Developed Markets Select Equity ETF (LOEV). Building on a 15-year relationship, Northern Trust will provide custody, fund administration, transfer agency, fund accounting, and ETF-specific services such as basket creation and authorized participant support. The launch expands Northern Trust’s asset servicing capabilities as demand grows for integrated solutions supporting both mutual funds and ETFs.