Northern Trust wins $1 billion outsourcing mandate from IFP
Northern Trust (NASDAQ:NTRS) has been selected to provide investment operations outsourcing services for over US$1 billion in assets for London based investment management start-up, Independent Franchise Partners (IFP).
As part of the mandate, Northern Trust will provide custody, trade services, fund accounting, transfer agency, performance measurement and client reporting.
“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,” said John Kelly-Jones, Chief Operating Officer at IFP.
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