Northern Trust’s agreement to acquire Bank of Ireland Securities Services (BoISS) has been welcomed by ETF provider Source.
According to statement from Source, BoISS has been a core partner for the company throughout the development of the its business and has "continually strived to innovate and adapt to the needs of our groundbreaking approach to creating and servicing Exchange Traded Funds".
In the last year and a half, Source has moved from launch to processing some of the largest numbers of creations and redemptions among European ETF providers. BoISS’s bespoke systems developments and focus on customer service have seamlessly supported this ramp up in activity. Ted Hood, CEO of Source, says: “BoISS has been an outstanding partner in building our business and we look forward to continuing to work together.”
