The appointment supports Harding Loevner’s entry into the US exchange-traded fund (ETF) market and marks the first client mandate for Northern Trust’s US ETF servicing platform.

Northern Trust has said the launch of a US ETF servicing platform, marking an expansion of its fund servicing capabilities for asset managers operating in the ETF market. Northern Trust provides asset servicing solutions to global investment managers The announcement coincided with the appointment of Northern Trust by investment management firm Harding Loevner to provide servicing solutions for its first US ETF, the International Developed Markets Select Equity ETF (NYSE: LOEV) on 30 July.