LONDON–(BUSINESS WIRE) – Northern Trust (Nasdaq: NTRS) provides middle office services for Martin Currie Investment Management (Martin Currie) in the United Kingdom.
Martin Currie is a long-term global equity growth investor with assets under management (AuM) of £ 15.4 billion (approximately $ 21.2 billion). It is a specialist investment manager for parent company Franklin Resources, Inc., a global organization with $ 1.5 trillion in assets under management (all figures as of March 31, 2021).
Martin Currie has completed the migration of the outsourced investment operations functions to Northern Trust for his assets, which are managed from UK offices in Edinburgh and London. This includes performance measurement and customer reporting activities that were previously managed internally.
Choosing Northern Trust for middle office services supports Martin Currie’s strategy of globalizing its operating model to improve the efficiency and consistency of the approach. The appointment reflects the arrangements it has made for its Australian business, which is also backed by Northern Trust.
Euan Wilson, Martin Currie’s Chief Administration Officer, said, “As we work to create long-term, sustainable value for investors, our choice of middle office service provider is critical to the data needed to make our decisions and run smoothly are flow of everyday investment functions. Northern Trust’s ability to demonstrate operational robustness and to integrate with our order management system was one of the main reasons for this appointment. ”
Laurence Everitt, Head of Global Fund Services, UK, Northern Trust said: “We are excited to support the advancement of Martin Currie’s operating model and approach to maximizing efficiency by outsourcing selected functions. As investment managers explore how to best pool their resources, Northern Trust has the technology, global scale, and flexibility to increase operational performance, support governance, and reduce time to market. ”
Northern Trust’s middle office services are part of its Whole Office ™ strategy. Northern Trust Whole Office is an advanced, open architecture, multi-asset class solution that serves a variety of market participants including asset managers, asset owners, investors and third party managers. By integrating a proprietary architecture with innovative partners, Northern Trust Whole Office makes it easier for customers to access new technologies and capabilities across the spectrum of strategy and trading, operations, data and digital and analytics solutions.
Northern Trust’s Global Fund Services business provides fund administration, global custody, custodian, investment operations outsourcing and income enhancement solutions for global investment managers – and supports a full range of complex investment strategies across the spectrum of asset classes.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset management, asset management, and banking services to businesses, institutions, wealthy families, and individuals. Northern Trust was founded in Chicago in 1889 and has a global presence with offices in 22 states and Washington, DC, and 22 locations in Canada, Europe, the Middle East, and the Asia-Pacific region. As of March 31, 2021, Northern Trust had $ 14.8 trillion in assets under custody / management and $ 1.4 trillion in assets under management. For more than 130 years, Northern Trust has earned an industry leader in exceptional service, financial expertise, integrity and innovation. Visit our website or follow us on Twitter.
Northern Trust Corporation, headquartered at 50 South La Salle Street, Chicago, Illinois 60603 USA, registered with limited liability in the USA Please read our global and regulatory information.
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