Northern Trust Appointed by Sanlam Asset Management (Ireland) Limited
22 February 2024 - 9:30PM
Business Wire
Appointment Confirms Northern Trust as Sole
Asset Servicing Provider for US$8.7 billion Investment Management
Platform
Northern Trust (Nasdaq: NTRS) announces today that it is
providing Sanlam Asset Management (Ireland) Limited (SAMI)
with fund administration, transfer agency, custody, depositary and
FX services.
SAMI is an international investment management platform managing
funds domiciled in Ireland valued at US$8.7 billion (as of 1
February 2024). Established in 1997 in Dublin, Ireland, it is part
of the Sanlam financial service group headquartered in
Bellville, Western Cape, South Africa.
It offers in-house and third party-managed funds for
international investors along with multi-manager fund hosting
capabilities for asset managers. Investors in its funds include
institutional and retail clients from South Africa, the United
Kingdom (UK) and other jurisdictions.
These funds are managed in conjunction with Sanlam’s
London-based boutique asset management business, Sanlam
Investments UK, its South African-based asset management
business, Sanlam Investments and independent third-party
managers. They comprise a range of high-conviction strategies
encompassing equities, fixed income, and alternative asset
classes.
Northern Trust is now serving as the single provider of asset
servicing solutions for these funds. The appointment builds upon an
existing relationship between Sanlam Investments UK and Northern
Trust as a client of its Integrated Trading Solutions outsourced
trading desk.
Richard Aslett, chief executive officer, SAMI
said: “Northern Trust’s focus on high-quality investor
servicing and investment in digital technology aligns strongly with
our objectives to deliver excellent service experiences for our
client base of sophisticated institutional and retail investors. We
are pleased to extend a relationship that supports our focus on
both the long-term growth of our clients’ investments, and the
strategic ambitions we have for our business.”
Clive Bellows, head of Global Fund Services, Europe, Middle
East and Africa at Northern Trust also commented: “We
are delighted to be working with SAMI to deliver this comprehensive
set of asset servicing solutions. Northern Trust’s global scale and
investment in technology allow us to deliver the service levels,
efficiency and information that our investment manager clients
require – regardless of the locations where they or their investors
are based, or the fund types in which they invest.”
Northern Trust’s Global Fund Services business provides services
including fund administration, global custody, investment
operations outsourcing and data solutions to global investment
managers – supporting a range of complex investment strategies
across the full spectrum of asset classes.
Note: Source for SAMI funds under management figure: SAMI.
About Northern Trust Capital Markets
Northern Trust Capital Markets is comprised of a number of
Northern Trust entities that provide trading and execution services
on behalf of institutional clients, including foreign exchange,
institutional brokerage, securities finance and transition
management services. Foreign exchange, securities finance and
transition management services are provided by The Northern Trust
Company (TNTC) globally, and Northern Trust Global Services SE
(NTGS SE) in the European Economic Area (EEA). Institutional
Brokerage services including ITS are provided by Northern Trust
Global Services SE (NTGS SE) in the European Economic Area (EEA),
Northern Trust Securities LLP (NTS LLP) in the rest of EMEA,
Northern Trust Securities Australia Pty Ltd (NTSA) in APAC and
Northern Trust Securities, Inc. (NTSI) in the United States, member
FINRA, SIPC and a subsidiary of Northern Trust Corporation.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has a global presence
with offices in 24 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of December 31, 2023, Northern Trust had assets under
custody/administration of US$15.4 trillion, and assets under
management of US$1.4 trillion. For more than 130 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit us on
northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust
or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/terms-and-conditions.
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Media Contacts
Europe, Middle East, Africa & Asia-Pacific:
Camilla Greene +44 (0) 20 7982 2176 Camilla_Greene@ntrs.com
Simon Ansell + 44 (0) 20 7982 1016 Simon_Ansell@ntrs.com
US & Canada:
John O’Connell +1 312 444 2388 John_O’Connell@ntrs.com
http://www.northerntrust.com
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