Northern Trust closes Aviate deal

Northern Trust has complted its purchase of Aviate Global LLP. Northern Trust first announced its intention to buy Aviate – , an institutional equity brokerage firm offering market research and execution services with offices in London, New York, Hong Kong and Sydney – on December 2 last year.

The new business will be integrated into its existing brokerage business and strengthen Northern Trust’s own ability to deliver sophisticated trading solutions to meet the investment servicing and transition management needs of clients worldwide.

With the buy, Northern Trust welcomes more than 30 professionals into the fold, including Aviate co-founders Guy Gibson and Gary Paulin, to Northern Trust Securities’ global brokerage business within Corporate & Institutional Services.

“Like Northern Trust, Aviate is committed to delivering exceptional client service and we’ll continue to work in close partnership with our clients to provide our unique research and high-quality execution capabilities as part of Northern Trust,” said Gibson.