The Dutch industry wide pension fund for the wholesale of building and construction material Stichting Bedrijfstakpensioenfonds voor de Handel in Bouwmaterialen (HiBiN) has appointed Northern Trust to provide tailored investment oversight solutions for the funds Euro 550 million (US$740 million) investment portfolio.
Since the financial crisis we continue to see an increasing demand from institutional investors for solutions to support their requirements for heightened levels of governance and transparency, whilst still maximising opportunities for return, said Penelope Biggs, head of the Institutional Investor Group, Europe, Middle East and Africa at Northern Trust. Through our tailored investment oversight service, we support pension funds by providing expertise and an independent perspective on investment strategies, asset managers and portfolio construction.
Northern Trusts investment oversight solution a component of its Institutional Governance Services product suite is an industry-leading capability which analyses quantitative data across performance, risk, manager skill and ratio analysis. It also ranks managers across various strategies and areas of expertise and evaluates them against chosen benchmarks and peers.
Northern Trusts solution enables us to ensure we receive the best possible investment management service from our managers, said Rob Braaksma, managing partner at HiBiN. By having independent oversight from Northern Trust, away from the implementation of fiduciary management, we are better in control of our investments. The solution offers heightened levels of governance and transparency.
Northern Trust developed our institutional governance services and investment oversight solutions working in partnership with our Dutch clients, and we are delighted to start working with HiBiN, said Wim van Ooijen, Country Head, Northern Trust in The Netherlands. We understand our institutional investor clients need to have the right checks and balances in place to monitor their actual portfolios against the strategic objectives of the fund, and through our solutions, we can help them achieve their in control statement.
Northern Trusts Institutional Governance Services offers a suite of comprehensive data and product solutions designed to enable institutional investors to easily aggregate and analyse wide ranging information across their investment portfolios.
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