Source: Northern Trust
Northern Trust has been appointed by Generation Investment Management ("Generation") to provide full investment operations outsourcing for its assets under management.
Northern Trust now provides custody, trade services, fund accounting, transfer agency, performance measurement and client reporting across Generation's fund range domiciled in Dublin and Delaware, and investment administration support services for Generation in connection with its global separate account business.
"As a new firm, we had the opportunity to partner with Northern Trust early on to position our business operations strategically for future growth," said Peter Harris, Chief Operating Officer of Generation. "One of the key advantages for us in partnering with Northern Trust is the benefits we receive from a well run, established global business with large resources and deep expertise. We want to focus on managing our clients' assets and delivering superior investment performance: outsourcing to Northern Trust enables us to do this whilst providing the outstanding operational support we require as we grow our business."
"We are delighted to be extending our relationship with Generation to include total outsourcing solutions," said Toby Glaysher, Senior Vice President within Northern Trust's UK Global Fund Services Group. "By partnering with Northern Trust, investment managers can benefit from economies of scale and access to our world-class technology and global, strategic platform without having to bear the costs of setting up and maintaining an infrastructure in-house."