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Northern Trust Mandate secures Hermes middle office mandate

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Hermes Investment Management has awarded a middle office outsourcing mandate to Northern Trust (Nasdaq: NTRS). The Investment Operations Outsourcing (IOO) mandate extends the longstanding relationship with the leading investment house by five years.

“After an extensive review we have renewed our relationship with Northern Trust,” says Ian Kennedy (pictured), chief operating officer, Hermes Investment Management. “It is imperative that we partner with a provider who can meet the demands of our business, and look forward to continuing to collaborate with them.”
 
Headquartered in London, Hermes Investment Management provides a broad range of specialist, active investment strategies and stewardship services to institutional and wholesale clients across the globe. Hermes’ strategies focus not just on financial results, but also on delivering outcomes beyond performance: holistic returns that consider impacts to society, the environment and the wider world.
 
“We are pleased to extend our longstanding relationship with Hermes,” says Clive Bellows, head of global fund services for Europe, Middle East and Africa (EMEA) at Northern Trust. “We work closely with our clients to deliver solutions that support their specific and evolving requirements and our middle office outsourcing solutions are just one example of how we help take away the administrative burden from our clients so they can focus on their core business.”

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