View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 15, 2010

Northern Trust Bags Investment Operations Outsourcing Mandate From Independent Franchise Partners

Northern Trust has been selected to provide investment operations outsourcing services for over $1bn in assets for London-based investment management start-up Independent Franchise Partners (IFP).

By CBR Staff Writer

As part of the mandate, Northern Trust will provide custody, trade services, fund accounting, transfer agency, performance measurement and client reporting.

John Kelly-Jones, chief operating officer at IFP, said: “We were impressed by Northern Trust’s ability to build and rapidly implement a flexible, yet robust platform which not only enabled us to meet an aggressive launch date, but also supported the diversity of our client base and accommodated our rapid growth.”

Toby Glaysher, head of global fund services business UK at Northern Trust, said: “At Northern Trust we pride ourselves on being a business enabler for our outsource clients. Independent Franchise Partners was looking at one of the shortest launch periods we have seen in the industry – from appointment to migration in 72 days. Our ability to get our clients and their products to market quickly is a key differentiator for us.”

Northern Trust is a Chicago-based provider of investment management, asset and fund administration, banking solutions and fiduciary services for financial industry. As of December 31, 2009, Northern Trust had assets under custody of $3.7 trillion, and assets under investment management of $627.2bn.

Content from our partners
Why the tech sector must embrace faster, smarter talent recruitment
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.