To support European fund managers implementing the Alternative Investment Fund Managers Directive (AIFMD), Northern Trust (Nasdaq: NTRS) has expanded its depositary services across multiple fund types, asset classes, fund locations and investment strategies. With five new senior positions created across Europe, Northern Trust will be able to offer depositary services in the United Kingdom and The Netherlands, in addition to its existing services in Ireland, Luxembourg and the Channel Islands.
We are pleased to expand our depositary services capabilities to all our fund manager clients across Europe, said Toby Glaysher, head of Global Fund Services. Our AIFMD pan-European depositary capabilities are designed to provide the best in class services for our clients - enabling them to comply and take full advantage of the new regulatory landscape.
Northern Trust has acted as a depositary in Ireland since 2000 and Luxembourg since 2004. The expansion of its services to other European clients, following the AIFMD, includes the following strategic appointments:
Reporting to Cargill are Alastair Hay, Stefan de Kort and Stephen Baker.
We are pleased to appoint these senior and highly experienced experts in depositary services, said Wilson Leech, head of Northern Trust in EMEA. As the focus on risk management and governance continues across the financial services industry they, working with our existing depositary services experts, will be instrumental in ensuring Northern Trust continues to be well placed to help our clients meet their regulatory requirements.
Northern Trusts Global Fund Services business provides custody, fund administration, investment operations outsourcing, and ETF solutions to investment managers across the globe and across the spectrum of asset classes. Its dedicated programme of workshops, newsletters and thought leadership provides regular updates from experts on the latest regulatory developments impacting its clients and on how Northern Trust is evolving to support their requirements.
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 17 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2013, Northern Trust had assets under custody of US$5.0 trillion, and assets under investment management of US$803.0 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.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures