Press release
Northern Trust Appointed by Artemis for Middle Office Outsourcing and Fund Servicing Mandate
Agreement Consolidates Asset Servicing Functions with Single Service Provider, Supports UK and Luxembourg-Domiciled Funds LONDON--(BUSINESS WIRE)-- Northern
About this update from Northern Trust Corporation
[{"type":"text","content":"\nAgreement Consolidates Asset Servicing Functions with Single Service Provider, Supports UK and Luxembourg-Domiciled Funds\n\n\n LONDON--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) has been appointed to provide a range of whole office outsourcing solutions for Artemis, a leading United Kingdom (UK)-based asset manager with more than £24.3 billion (US$30.1bn) in assets under management (as of 31 March 2023). The deal sees Northern Trust appointed as Artemis’ single provider of asset servicing solutions.\n\n\nArtemis offers a range of funds that invest in the UK, Europe, the US and around the world. It is a dedicated, active investment house specializing in providing investment management services for both retail and institutional investors.\n\n\nIts agreement with Northern Trust includes the provision of investment operations outsourcing solutions, fund administration, depositary, global custody, and transfer agency services for Artemis’ Luxembourg and UK domiciled fund ranges.\n\n\nLesley Cairney, chief operating officer at Artemis, said: “As the platform on which our day-to-day business is managed, our choice of asset servicing partner is absolutely pivotal in supporting Artemis’ objectives of delivering outstanding returns and service for our clients. Reasons for Northern Trust’s appointment include the strong, client-focused cultural alignment between our two organisations, its leading-edge technology platform and ability to support our evolving data and digital requirements – both now and into the future.”\n\n\nToby Glaysher, president of Global Fund Services at Northern Trust, said: “We are thrilled to be working with Artemis – a household-name UK asset manager – in supporting its ambitious and exciting long-term strategic growth objectives. Northern Trust’s investment in technology, global scale and experience of supporting sophisticated global asset managers allows us to help Artemis simplify its operating model, while driving efficiencies and opportunities for collaboration across front-to-back-office functions as its single service provider.”\n\n\nNorthern Trust’s Global Fund Services business provides services including fund administration, depositary, global custody, investment operations outsourcing and data solutions to global investment managers – supporting a range of complex investment strategies across the...