Northern Bank, part of the Danish based Danske Bank Group and one of the leading retail banks in Northern Ireland has selected Winterflood Business Services to provide outsourced dealing services.
This will enable Northern Bank to trade across multiple markets and market makers in an efficient and cost effective manner.
Jeremy Stewart, General Manager Private Banking Wealth Management at Northern Bank, said "By outsourcing our dealing services to Winterflood Business Services, we will be able to better navigate and adapt to an increasingly complex and ever-changing market. Winterflood Business Services was selected due to its ability to tailor its services to our requirements and connect to our platform within a short lead time. The scalability and flexibility of its technology to adapt to our current and future needs was also a major factor in our decision."
Phillip Bungey, Head of Winterflood Business Services, said "We are delighted that Northern Bank, our first retail banking client, has become our 10th client since Winterflood Business Services was established in 2010. Dealing is one of the key components of our services, in addition to custody, settlement and electronic messaging. These services can all be tailored to meet our clients' individual needs. Our independent services which utilise state-of-the-art technology have proven to appeal to a wide range of businesses; from private client brokers, life insurers and asset managers to retail banks, especially at a time when more and more firms are focusing resources on their core business."