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

7031

Northern Trust wins transition management mandate from Royal Borough of Kensington Chelsea

RELATED TOPICS​

Northern Trust Global Investments – the asset management arm of Northern Trust -has been appointed by the Royal Borough of Kensington and Chelsea to provide transition management services and run an GBP80m (USD129 million) index portfolio for six months.

The appointment adds to Northern Trust’s existing asset servicing relationship with the Borough, to which it provides custody services for around GBP450 million (USD721 million) in assets.

“We appointed NTGI based on their track record of performance in providing custody services to us since 2009, as well as their strong reputation for transition management,” says Paul Kidd (pictured), head of Financial Services at the Royal Borough of Kensington and Chelsea. “We also recognised the efficiencies in consolidating our custody and transition management requirements into one provider."

Simon Hutchinson, Head of Transition Management for Europe, Middle East and Africa and Asia Pacific at NTGI, adds: “The ability to demonstrate robust management processes and provide transparency in how operational, counterparty, liquidity and market risks are being managed remain top concerns for clients looking for a transition manager. At NTGI we manage risk in real time and have close dialogue with managers, clients and consultants to provide enhanced solutions and greater visibility around challenging areas.”

Latest News

Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according..
Octopus Investments (Octopus) has announced it has launched a Natural Capital Strategy...
Research firm focused on Alternative UCITS funds, Kepler Absolute Hedge, has published its Market Intelligence..

Related Articles

Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
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