Northern Trust announced today that it has been named Hedge Fund Administrator of the Year and Transition Management Provider of the Year by Custody Risk magazine in its Americas Awards 2012, which recognize excellence in the securities services industry.
"Transition Management and Hedge Fund Administration are two of our core strengths, built around innovative technology and a high-touch client service model," said Steven L. Fradkin, President of Corporate & Institutional Services at Northern Trust. "These awards validate our efforts to execute industry best practices and maintain market leadership in asset servicing."
"The Americas Awards recognize the unique capabilities of our hedge fund administration platform, combining industry-leading transparency and information delivery with truly global operations scale," said Peter Sanchez, CEO for Northern Trust Hedge Fund Services. "In recent months, we have experienced rapid growth, including clients with operations in various countries, multiple legal entities, and complex structures. It is truly gratifying that Custody Risk acknowledges the innovative aspects of our business."
"In transition management we see a trend toward more complex trades as clients respond to extended market volatility," said Grant Johnsey, Head of Transition Management for Northern Trust. "One way we address the heightened complexity is with an enhanced fixed income analytics report that provides a more accurate and transparent cost estimate. Capability innovations such as this demonstrate our commitment to our clients, and we are pleased that Custody Risk values that dedication."
The Custody Risk Americas Awards ceremony was held April 18 in New York City. Award submissions were judged by an independent panel of industry experts, who considered factors such as new business won, innovative service, client solutions, and business profile.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2012, Northern Trust had assets under custody of US$4.6 trillion, and assets under investment management of US$716.5 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.
Contacts:
North America & Asia-Pacific Contact:
Northern Trust
John
O'Connell, +1 312 444 2388
jo45@ntrs.com
or
EMEA
Contact:
Northern Trust
Camilla Greene, +44 (0) 207
982 2176
Camilla_Greene@ntrs.com
http://www.northerntrust.com
