Julius Baer Investment Management outsources to Northern Trust


Northern Trust, a leading global custody, asset administration, and investment management service provider, announced today its selection as preferred provider of outsourcing services to Julius Baer Investment Management LLC (JBIM) in support of JBIM's institutional investment management business.

Northern Trust will provide a complete range of outsourcing services, including full trade support, portfolio accounting, reconciliation, and cash management including foreign exchange execution. In addition, JBIM and their institutional clients will receive access to Northern Trust's technology platform which will deliver customized client reporting and performance measurement services.

"In looking for an outsourcing provider, Julius Baer recognized the need to find a firm that could offer us a true partnership approach with a strong understanding of our core business, our operational requirements, and our client's reporting and performance measurement needs," said Tony Williams, Head of Asset Management Americas, Julius Baer Investment Management LLC. "With their flexible technology platform and strong service-oriented approach, the selection of Northern Trust will allow us to enhance our straight-through- processing and provide robust reporting and performance measurement solutions to our clients. We are also looking to leverage efficiencies of technology, scale and service that will generate outstanding value for our clients, and allow us to remain focused on providing world class investment solutions to our institutional client base."

"Julius Baer Investment Management is a firm recognized worldwide for its quality, integrity and focus on clients. We are delighted to have been selected by them," said Rick Wills, Senior Vice President, Northern Trust. "Given Julius Baer's current success in the investment marketplace, Northern Trust's capabilities, technology and flexibility will provide them with the critical capabilities they need to support their strong growth in a world class fashion."

Julius Baer Investment Management enlisted the help of Citisoft, the specialist investment management consulting firm, to facilitate the evaluation. "We are very pleased with the outcome of the project and fully expect the newly established partnership between these two leading firms to be long-standing and mutually beneficial," said Marc Mallett, Managing Director, Citisoft, Inc.

"This important mandate from Julius Baer underscores the powerful nature of Northern Trust's mid and back-office outsourcing solutions for the institutional investment management community," said Ann Zeiler, Vice President, Northern Trust. "Our systems and process infrastructure combined with our focus on the unique needs of each client is being met with enthusiastic response by those searching for an answer to the challenges of managing growing and complex investment management operations."

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