Emerging and frontier markets investment firm Mobius Capital Partners has appointed Northern Trust to provide a range of asset servicing and Integrated Trading Solutions to support the firm’s London-listed Mobius Investment Trust (MMIT.L) and Luxembourg Société d’Investissement à Capital Variable (SICAV), the Mobius Emerging Markets Fund.
Dr Mark Mobius (pictured), founding partner of Mobius Capital Partners, says: “Northern Trust has worked closely with us for a number of months as we have launched two separate vehicles accessing our single governance-oriented strategy. Together, we have built a collaborative relationship, leveraging their innovative consultative solutions. Northern Trust’s Integrated Trading Solutions delivers an immediate capability to address some of the significant challenges that MiFID II is posing to asset managers.”
Northern Trust will provide depositary, custody, fund accounting and foreign exchange (FX) services to the investment trust, and fund administration to the SICAV. Investors in both vehicles will benefit from Northern Trust’s recently launched Integrated Trading Solutions, an advanced front-to-back office outsourced trading service.
“Mobius Capital Partners has successfully launched both a closed and open-ended fund this year and we’re thrilled to be working with an asset manager that has such a strong commitment to improving Environmental Social Governance standards in emerging and frontier markets,” says Clive Bellows, head of Global Fund Services for Europe, Middle East and Africa (EMEA) at Northern Trust. “We work with and support our clients with a range of solutions to suit their individual needs and requirements. Mobius Capital Partners will benefit from Northern Trust’s wealth of experience, leading technology applications, regulatory, compliance and middle office support.”
“To remain competitive in today’s increasingly regulated environment, asset managers need to drive efficiency at all points within the trade lifecycle,” said Guy Gibson, head of Institutional Brokerage for EMEA & Asia-Pacific at Northern Trust. “By outsourcing their end-to-end trading needs to Northern Trust, Mobius Capital Partners will reduce the cost of execution, reduce risk and improve regulatory compliance.”
Institutional Brokerage is part of Northern Trust Capital Markets which provides foreign exchange, securities lending and transition management services. It forms part of Northern Trust’s Corporate & Institutional Services business – a leading provider of asset servicing, fund administration and middle office solutions to institutional asset managers and asset owners around the globe.
