Asset manager R Squared Capital Management, based in New York City, has appointed Northern Trust to provide investment operations outsourcing in support of its middle office.
Northern Trust will provide a full complement of investment operations solutions, including trade matching, data management, portfolio accounting, client reporting, reconciliations, as well as risk and performance services.
"As a start-up company, we are especially concerned about superb execution for our clients," said Rudolph-Riad Younes, Chief Executive Officer and Chief Investment Officer of R Squared Capital Management. "Northern Trust brings a strong global presence, a stellar reputation for client service and streamlined operations, which will help us to grow our business and capture cost efficiencies."
R Squared Capital Management began operations in 2013 and launched its first mutual fund in December 2013. The firm's management team has more than 20 years of experience in the international equity space.
"We are excited about our new partnership with R Squared," said Dan Houlihan, head of Global Fund Services in North America for Northern Trust. "The integrated nature of our operations platform allows our clients to simplify their business and focus on the essentials. Reduced administrative burdens and access to accurate data are increasingly important as economic volatility grows and regulatory challenges continue to mount."
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. Investment Operations Outsourcing is a high-growth business for Northern Trust with more than 60 clients in North America, Europe and Asia-Pacific, all of which are serviced on a single global platform.
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 December 31, 2013, Northern Trust had assets under custody of US$5.6 trillion, and assets under investment management of US$884.5 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
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