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Northern Trust

Expanding its European presence to become a leading market player

To grow its transfer agency business, Northern Trust acquired UBS Asset Management funds servicing units in Luxembourg in 2017. To smooth the takeover and simplify management of huge volumes of funds, the American wealth management giant will deploy Temenos Global Multifonds Investor. The fund administration platform will provide high levels of automation and straight-through processing, and help Northern Trust to optimise tasks such as retrocession management and regulatory reporting. The Temenos solution will also deliver the scalability that Northern Trust needs to accommodate rising business volumes, and help it to cement its status as a top ten asset servicing provider in Luxembourg.

City, Country

Dublin, Ireland

Products

Temenos Multifonds Global Investor platform

Banking sector

Asset servicing