Newly established investment management company Cameron Hume Limited has appointed Northern Trust (Nasdaq: NTRS) to provide full investment operations outsourcing for its assets under management on behalf of large, sophisticated institutional clients.
The Edinburgh-based manager which specialises in fixed income investment management will also receive Northern Trusts performance and daily risk management solutions, enabling them to make informed investment decisions that support their clients investment objectives.
We appointed Northern Trust based on their proven expertise and experience in supporting investment managers, said Christian Torkington, director at Cameron Hume. From the outset, Northern Trust demonstrated a flexible transition approach, tailoring a business model that supported our risk and performance requirements and offered us the appropriate levels of transparency and control.
At Northern Trust, we believe in working closely with our asset manager clients to understand their unique requirements, said Terri Van Praagh, head of investment operations outsourcing for Europe, Middle East and Africa at Northern Trust. We offer support and guidance throughout the process as both as our clients establish themselves and take on new business.
Northern Trust provides full and component outsourcing services to some of the worlds most sophisticated and successful asset managers, both established and newly established. This latest appointment follows previously announced mandates including Independent Franchise Partners LLP, who experienced the shortest launch period in the industry, and the re-appointment by Generation Investment Management LLP.
We are delighted to be appointed by Cameron Hume and look forward to working closely with them in the future, said Laurence Everitt, head of Global Fund Services, UK at Northern Trust Particularly in an environment of increasingly regulatory and economic challenges we see a growing demand from asset managers for outsourcing solutions which can help reduce the administrative burden of asset management.
Northern Trusts 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. Northern Trust has 28 full outsourcing clients and a further 37 component outsourcing relationships in Europe, North America and Asia-Pacific.
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 18 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2013, Northern Trust had assets under custody of US$5.2 trillion, and assets under investment management of US$846.2 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