Northern Trust Appointed by Artemis for Middle Office Outsourcing and Fund Servicing Mandate
Agreement Consolidates Asset Servicing Functions with Single Service Provider, Supports UK and Luxembourg-Domiciled Funds
LONDON - Northern Trust (Nasdaq: NTRS) has been appointed to provide a range of whole office outsourcing solutions for Artemis, a leading United Kingdom (UK)-based asset manager with more than £24.3 billion (US$30.1bn) in assets under management (as of 31 March 2023). The deal sees Northern Trust appointed as Artemis’ single provider of asset servicing solutions.
Artemis offers a range of funds that invest in the UK, Europe, the US and around the world. It is a dedicated, active investment house specializing in providing investment management services for both retail and institutional investors.
Its agreement with Northern Trust includes the provision of investment operations outsourcing solutions, fund administration, depositary, global custody, and transfer agency services for Artemis’ Luxembourg and UK domiciled fund ranges.
Lesley Cairney, chief operating officer at Artemis, said: “As the platform on which our day-to-day business is managed, our choice of asset servicing partner is absolutely pivotal in supporting Artemis’ objectives of delivering outstanding returns and service for our clients. Reasons for Northern Trust’s appointment include the strong, client-focused cultural alignment between our two organisations, its leading-edge technology platform and ability to support our evolving data and digital requirements – both now and into the future.”
Toby Glaysher, president of Global Fund Services at Northern Trust, said: “We are thrilled to be working with Artemis – a household-name UK asset manager – in supporting its ambitious and exciting long-term strategic growth objectives. Northern Trust’s investment in technology, global scale and experience of supporting sophisticated global asset managers allows us to help Artemis simplify its operating model, while driving efficiencies and opportunities for collaboration across front-to-back-office functions as its single service provider.”
Northern Trust’s Global Fund Services business provides services including fund administration, depositary, global custody, investment operations outsourcing and data solutions to global investment managers – supporting a range of complex investment strategies across the full spectrum of asset classes.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 25 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2023, Northern Trust had assets under custody/administration of US$14.2 trillion, and assets under management of US$1.3 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Twitter @NorthernTrust or Northern Trust Corporation on LinkedIn.
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 https://www.northerntrust.com/terms-and-conditions.
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