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Transition Management

 
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Whether changing managers or changing investment strategy, restructuring a portfolio incurs both expense and risk. Engaging an independent transition management specialist can bring discipline and accountability to the process. Northern Trust Securities LLP helps clients of all types manage both the direct and indirect costs of transitioning portfolios.

WHAT WE DO

We offer a distinctive, personalised approach to transition management that can support any asset class and that minimises both the direct and indirect costs associated with a portfolio restructure.

We create and execute customised strategies for each transition event – rooted in your current portfolio, your target portfolio, and your specific goals and objectives.

Turn to Northern Trust for a transition processing that offers:

  • Expertise: We are experts in managing the nuances and complexities of portfolio transitions and our track record demonstrates that expertise:

    We met or beat our pre-trade estimates on 95.7% of the transitions we have executed in the past five years.

  • Independence: Our transition management practice is not distracted by other business lines or potential conflicts, so our priority is always your best interest:
    • We never advertise transition trading activities.
    • We do not cross with hedge funds or other “fast money” traders.
    • We do not engage in proprietary trading or investment banking activities.
  • Transparency: We provide extensive pre- and post-trade analytics so you can evaluate our performance and be aware of developments within your portfolio throughout the process.
  • Rigor: Transitions are meticulously managed and carefully measured so that we can identify and mitigate risks that come up during the transition. The result is that you gain peace of mind, and can focus on managing your business while we take care of the details.

HOW WE DO IT

We listen and consult with you to understand the context and objectives around the transition: overall allocation, benchmark and manager changes, timing concerns and risk restrictions.

  • Pre-Trade Analysis – The transition team completes a detailed analysis of your transition portfolio to identify risk characteristics, liquidity sources, projected costs and potential savings. Then you receive a customised timeline, trading strategy and cost projection.
  • Trading and Settlement – Our team coordinates all aspects of your transition, including legal documentation, trading and settlement. You receive daily progress reports.
  • Post-Trade Analysis – After the transition, you receive detailed descriptions of the results, including:
    • An executive summary of the assignment
    • Actual costs versus the pre-trade analysis
    • Performance against agreed upon benchmarks
    • Trade execution analytics

WHERE TO FIND US

Northern Trust has institutional brokerage offices in Chicago, New York, London, Sydney, and Hong Kong.

Northern Trust and its subsidiaries operate in 19 U.S. states and 20 countries throughout North America; Europe, Middle East and Africa; and Asia Pacific.

TO LEARN MORE

For more information about our Transition Management services, speak with your Northern Trust relationship manager or contact Ben Jenkins.

<a name="guy">&nbsp;</a>Guy Gibson

 Guy Gibson

Head of Global Equities
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<a name="guy">&nbsp;</a>Guy Gibson

 Guy Gibson

Head of Global Equities
 

Guy is a Senior Vice President and the Head of Global Equities for Northern Trust’s institutional brokerage business in EMEA and APAC. Guy joined Northern Trust with the acquisition of Aviate Global, where he was a co-founder and CEO of Aviate. He is a member of Northern Trust Securities’ senior leadership and principally responsible for trading and distribution. Guy manages Northern Trust Securities’ sales, trading and operations teams in London, Hong Kong and Sydney.

Guy, has a degree in International Business Management and Finance from Massey University in New Zealand. Prior to founding Aviate, Guy worked at Credit Suisse, Salomon Brothers, Citi and Knight.

Brochure: Asset Servicing in Australia & New Zealand [PDF]
With the right combination of local expertise, global capabilities and sharp client focus, Northern Trust’s unwavering commitment will help you meet your immediate and long-term objectives. 
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Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For more information, read our legal and regulatory information about individual market offices.

For Australia, this material is directed to and should only be accessed by professional investors within the meaning of the Corporations Act 2001. For New Zealand, this material is directed to and should only be accessed by registered financial service providers and is not intended for retail clients.

Northern Trust Securities LLP is exempt from the requirement to hold an Australian financial services license under the Corporations Act 2001. Northern Trust Securities LLP is authorised and regulated by the Financial Conduct Authority (FCA) under the laws and regulatory requirements of the United Kingdom which are different to Australia.