23 August 2017
Visit http://response.ncr.com

Northern Trust report Vontobel outsourcing contract

10 July 2007  |  1864 views  |  0 Source: Northern Trust

Northern Trust announced today it has successfully migrated the non-portfolio management related investment operations of Vontobel Asset Management, Inc. to Northern Trust's investment operations outsourcing platform.

Vontobel Asset Management is the New York-based investment management subsidiary of Switzerland's Vontobel Holding, AG.

Northern Trust will support Vontobel's investment management business by providing every aspect of post-trade execution support, trade processing and settlement, data management, reconciliation, portfolio accounting, client valuations and reporting, foreign exchange, post-trade compliance services, performance measurement and composite management.

"Northern Trust's fully integrated solution, coupled with its well-earned reputation for quality delivery, ultimately gave us the assurance we needed to select them as our outsourcing partner," said Henry Schlegel, President and Chief Executive Officer of Vontobel Asset Management, Inc. "Outsourcing these middle-office functions to the Northern Trust platform was a strategic decision to respond to the rapidly expanding operational needs resulting from our firm's strong growth of assets under management. But first and foremost, the move enables the firm to focus on our core competencies as a global equity investment manager."

"As a fast-growing asset manager, Vontobel recognized that time spent focusing on enhancing their infrastructure would take away from working with prospects and clients at the activities they do best - managing assets," said Wilson Leech, head of Northern Trust's Global Fund Services. "In Northern Trust, they have partnered with an organization that brings a total solution for the whole array of investment management middle and back office requirements. Their decision-making process was extremely rigorous across not only our technology platform but our operations unit. In the end, their ability to talk to live clients utilizing our outsourcing services gave Vontobel the assurances they needed to select us as their partner to enable their continued growth."

Ann Zeiler, senior vice president of sales for Northern Trust's Global Fund Services, added, "We view Vontobel as a perfect match for Northern Trust's outsourcing expertise and global technology platform. Vontobel will take advantage of our full array of services to support new activities within the firm as well as to enhance client satisfaction. We are well placed to support complex global asset management firms that are interested in focusing on delivering superior service and investment results to their clients."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12687 views comments | 27 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11300 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10420 views comments | 21 tweets | 34 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10416 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10404 views 0 | 6 tweets | 1 linkedin

Featured job

Find your next job