Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

35956

Northern Trust provides middle office services to Martin Currie Investment Management

RELATED TOPICS​

Northern Trust (Nasdaq: NTRS) is providing middle office services for Martin Currie Investment Management (Martin Currie) in the United Kingdom (UK).

Martin Currie is a long-term global equity growth investor with assets under management (AuM) of GBP15.4 billion (approximately USD21.2 billion). It is a specialist investment manager of parent company Franklin Resources, Inc, a global organisation with AuM totalling USD1.5 trillion (all figures as of 31 March 2021).

Martin Currie has completed the migration of outsourced investment operations functions to Northern Trust for its book of assets managed from UK offices in Edinburgh and London. These include performance measurement and client reporting activities that were previously managed in-house.

Selecting Northern Trust for middle office services supports Martin Currie’s strategy of globalising its operating model to enhance efficiencies and consistency of approach. The appointment mirrors arrangements it has in place for its Australian business, which is also supported by Northern Trust.

Euan Wilson, chief administration officer at Martin Currie, says: “As we work to create long-term, sustainable value for investors, our choice of middle office services provider is crucial for the data required to inform our decision-making and support the smooth flow of everyday investment functions. Northern Trust’s ability to demonstrate operational robustness and to integrate with our order management system were among the key reasons for this appointment.”

Laurence Everitt, head of Global Fund Services, UK, at Northern Trust, says: “We are pleased to support the evolution of Martin Currie’s operating model and its approach of helping maximise efficiencies by outsourcing selected functions. As investment managers explore how best to focus their resources, Northern Trust has the technology, global scale and flexibility to help drive operational performance, support their governance and shorten 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 serving diverse market participants, including asset managers, asset owners, investors and third party administrators. By integrating proprietary architecture with innovative partners, Northern Trust Whole Office facilitates client access to new technologies and capabilities across the spectrum of Strategy and Trading, Operational, Data and Digital, and Analytics solutions.

Northern Trust’s Global Fund Services business provides fund administration, global custody, depositary, investment operations outsourcing and revenue enhancement solutions to global investment managers – supporting an extensive range of complex investment strategies across the full spectrum of asset classes.

Latest News

Bequant has announced that it has launched a new capital introduction platform designed specifically for..
ndosuez Wealth Management has announced the launch of Indosuez Funds - Chronos Green Bonds 2028,..
New global research from industry association Global Digital Finance (GDF) shows most major financial institutions..

Related Articles

graph
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by