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Northern Trust Press Release

 
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Northern Trust retained by Independent Franchise Partners for US$8.1 billion Investment Operations Outsourcing mandate

 

Empowers fund manager to capture investment opportunities

 

London, August 02, 2012 —

Northern Trust (Nasdaq: NTRS) announced today that it has been re-appointed by Independent Franchise Partners, LLP (IFP), to provide full investment operations outsourcing for its US$8.1 billion (approximately GB£5.2 billion) in assets under management.

As part of the broad mandate, Northern Trust will provide custody, investment operations, fund accounting, transfer agency, performance measurement and client reporting to the London based investment management group.

“When IFP first approached Northern Trust in 2009, it was looking for one of the shortest launch periods we had seen in the industry – from appointment to migration in 72 days,” said Mark Herraman, head of investment operations outsourcing business development at Northern Trust. “Now, three years later, we are delighted to continue to support them by taking away the administrative burden of investment management, enabling them to focus on capturing investment opportunities.”

Northern Trust provides full and component outsourcing services to some of the world's most sophisticated and successful asset managers, on its strategic global platform.

“Our integrated global technology platform can provide the transparency, control and speed-to-market that fund managers require,” said Laurence Everitt, head of Global Fund Services UK at Northern Trust. “Particularly in an environment of increasing regulatory and economic challenges, the ability to provide daily risk and performance data to our fund manager clients, in an accessible – often mobile – format is taking greater prominence.”

“We are pleased to continue to work with Northern Trust, an organization which consistently demonstrates a strong focus on its clients,” said John Kelly Jones, chief operating officer at IFP. “Northern Trust has demonstrated an ability to build and rapidly implement a flexible and robust platform to meet our aggressive launch date and support the diversity of our client base. This outsourced investment operations solution has also accommodated our rapid growth and allowed us to deliver the highest levels of service to our clients, and we continue to see value in outsourcing our investment operations.”

Northern Trust’s Global Fund Services business provides custody, fund administration and investment operations outsourcing solutions to investment managers across the globe and across the spectrum of asset classes.

About Independent Franchise Partners, LLP

Independent Franchise Parters, LLP is a fully independent investment management partnership founded in June 2009. The firm is dedicated to offering the Franchise investment approach to institutional investors. As of June 30, 2012, Independent Franchise Partners manages US$8 billion in assets across its Global and US Franchise strategies for a broad range of pension fund, endowment, foundation and family office clients globally. The firm measures its success through its long-term investment results and enduring client relationships.  The partnership structure supports a focus on a single investment discipline; directly aligns the firm’s interests with its clients’ portfolio returns; and ensures ownership stability and the consistency of commercial priorities. For further information, please visit www.franchisepartners.com.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2012, Northern Trust had assets under custody of US$4.6 trillion, and assets under investment management of US$704.3 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.

The material within and any linked material accessed via this communication is directed to eligible counterparties and professional clients only and should not be distributed to or relied upon by retail investors. For Asia Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.

Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission. Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission. Northern Trust International Fund Administration Services (Ireland) Limited, Northern Trust Securities Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland. Northern Trust Global Services Limited has a Luxembourg Branch, which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Global Investments Limited has a Netherlands branch, which is authorised by the Financial Services Authority and subject to regulation in the Netherlands by the Autoriteit Financiële Markten. Northern Trust Global Services Limited has a Netherlands Branch, which is authorised and regulated in the Netherlands by De Nederlandsche Bank. Northern Trust Global Investments Limited has a Sweden branch, which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen. Northern Trust Global Services Ltd (UK) Sweden Filial is authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen. Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office. Our registered office is authorised and regulated by the Central Bank of the United Arab Emirates. The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority. The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission. The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong Securities and Futures Commission. Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency. The Northern Trust Company has a Singapore Branch, which is a foreign wholesale bank regulated by the Monetary Authority of Singapore. The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch, which is an authorised foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorised trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.


IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. For more information about this notice, see http://www.northerntrust.com/circular230.

 

 
 
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