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Northern Trust wins USD925m custody mandate from Taube Hodson Stonex Partners

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Northern Trust (Nasdaq:NTRS) has been appointed to provide custody services for USD925 million in assets for London based fund manager Taube Hodson Stonex Partners LLP’s open ended fund range.

This latest appointment expands Northern Trust’s long-standing fund administration and transfer agency mandate.

Taube Hodson Stonex Partners LLP, an independent fund management partnership, manages over GBP10.2 billion in Global and European Equity Funds for clients across the globe. It appointed Northern Trust following a review to consolidate providers.

“We selected Northern Trust based on their consultative approach and proven expertise in custody and related services,” says Steven Bishop, Chief Operating Officer at Taube Hodson Stonex Partners. "Northern Trust demonstrated their commitment to our present relationship throughout the selection process and offered the best all round solution to meet our existing and future requirements.”

Laurence Everitt, head of Global Fund Services for the UK, says: “We’re delighted to extend our five-year relationship with Taube Hodson Stonex Partners. Custody, fund administration and transfer agency solutions are at the core of our growing Global Fund Services business and particularly as the regulatory landscape changes, investment managers across the globe, such as Taube Hodson Stonex Partners, can benefit from our world-class capabilities and integrated global strategic platform.”

Northern Trust’s Global Fund Services business provides custody, fund administration and investment operations outsourcing, and ETF solutions to investment managers across the globe and across the spectrum of asset classes.

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