Skip to content

Subscribe to Asset Servicing & Fintech Insights

Discover more information in our monthly publication, the AXIS newsletter, including industry trends, product innovation, Fintech and more from our team of experts.

Northern Trust Recognised as First Fund Administrator in Guernsey to Reach Over US$100 billion in AuA

Independent fund research company, Monterey Insight, has confirmed Northern Trust as being the first administrator in Guernsey to exceed over US$100 billion of assets under administration as well as being Guernsey’s largest fund administrator, custodian and transfer agent. Dave Sauvarin, chief executive of Northern Trust Channel Islands, discusses the findings.

The 27th annual Monterey Insight Guernsey Fund Report1 finds Northern Trust broke the US$100 billion AuA milestone, reaching US$108 billion AuA as at 30 June 2021.2 It also highlights Northern Trust has maintained its top position for all three rankings of fund administration, custody(US$43.7 billion) and transfer agency (US$99.5 billion).2

We are delighted to achieve these significant milestones. These triple recognitions fittingly coincide with our 50th anniversary in the Island in 2022, reflecting our strength,  stability and client-first servicing culture. The results are a testament to our dedicated teams who have remained highly focused on supporting our clients throughout the challenges of the COVID-19 operating environment.

Monterey’s latest report is a further validation of Guernsey’s continued appeal as a fund domicile, combining speed-to-market with a highly evolved and stable servicing infrastructure. It finds overall fund assets serviced in Guernsey increased to US$532.7 billion in the 12 months to 30 June 2021, a boost of 24.4 percent.2 Private equity/venture capital funds continue to lead the way, topping asset allocations with US$388.4 billion, followed by alternative investments.2

We are pleased to be at the centre of this growth, welcoming both new promoters to the jurisdiction while supporting new launches from existing clients across the spectrum of asset classes through our end-to-end solutions.


Read the Monterey Insight press release.

 

Sources:
1 Monterey Insight is an independent fund research company that provides comprehensive statistical analysis of the Guernsey, Jersey, Ireland, Luxembourg and UK fund industries.
2 As cited in the 27th annual Monterey Insight Guernsey Fund Report.

Dave Sauvarin

Chief Executive, Channel Islands
Dave is Chief Executive of Northern Trust's business operations in the Channel Islands. In this role Dave is responsible for managing and supporting the continued growth of Northern Trust’s business in the Channel Islands.

© 2022 Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability as an Illinois corporation under number 0014019. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. This material is directed to professional clients only and is not intended for retail clients. For Asia-Pacific markets, it is directed to expert, institutional, professional and wholesale clients or investors only and should not be relied upon by retail clients or investors. For legal and regulatory information about our offices and legal entities, visit northerntrust.com/disclosures. The following information is provided to comply with local disclosure requirements: The Northern Trust Company, London Branch, Northern Trust Global Investments Limited, Northern Trust Securities LLP and Northern Trust Investor Services Limited, 50 Bank Street, London E14 5NT. Northern Trust Global Services SE, 10 rue du Château d’Eau, L-3364 Leudelange, Grand-Duché de Luxembourg, incorporated with limited liability in Luxembourg at the RCS under number B232281; Northern Trust Global Services SE UK Branch, 50 Bank Street, London E14 5NT; Northern Trust Global Services SE Sweden Bankfilial, Ingmar Bergmans gata 4, 1st Floor, 114 34 Stockholm, Sweden; Northern Trust Global Services SE Netherlands Branch, Viñoly 7th floor, Claude Debussylaan 18 A, 1082 MD Amsterdam; Northern Trust Global Services SE Abu Dhabi Branch, registration Number 000000519 licenced by ADGM under FSRA # 160018; Northern Trust Global Services SE Norway Branch, 3rd Floor, Haakon VII's Gate 6, 0161 Oslo, Norway; Northern Trust Global Services SE, Leudelange, Luxembourg, Zweigniederlassung Basel is a branch of Northern Trust Global Services SE (itself authorised by the ECB and subject to the prudential supervision of the ECB and the CSSF). The Branch has its registered office at Aeschenplatz 6, 4052, Basel, Switzerland, and is authorised and regulated by the Swiss Financial Market Supervisory Authority FINMA. The Northern Trust Company Saudi Arabia, PO Box 7508, Level 20, Kingdom Tower, Al Urubah Road, Olaya District, Riyadh, Kingdom of Saudi Arabia 11214-9597, a Saudi Joint Stock Company – Capital 52 million SAR. Regulated and Authorised by the Capital Market Authority License # 12163-26 CR 1010366439. Northern Trust (Guernsey) Limited (2651)/Northern Trust Fiduciary Services (Guernsey) Limited (29806)/Northern Trust International Fund Administration Services (Guernsey) Limited (15532) Registered Office: Trafalgar Court, Les Banques, St Peter Port, Guernsey GY1 3DA. Northern Trust International Fund Administration Services (Ireland) Limited (160579) / Northern Trust Fiduciary Services (Ireland) Limited (161386),  Registered Office: Georges Court, 54-62 Townsend Street, Dublin 2, D02 R156, Ireland.