International Biotechnology Trust picks Northern Trust for custody services
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International Biotechnology Trust picks Northern Trust for custody services 23 June 2022UK Reporter: Jenna Lomax
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Northern Trust has been appointed to provide global custody, fund accounting, depositary services and its outsourced trading service, Integrated Trading Solutions, to International Biotechnology Trust and its investment manager SV Health Managers.
Founded in 1994, International Biotechnology Trust is a UK-based investment trust.
Publicly-traded on the London Stock Exchange, the trust’s objective is to achieve long-term capital growth by investing primarily in biotechnology and other life sciences companies.
Northern Trust’s global fund services business provides services including fund administration, global custody, investment operations outsourcing and data solutions to global investment managers – supporting a range of complex investment strategies across the full spectrum of asset classes.
Integrated Trading Solutions is part of Northern Trust Capital Markets, which comprises a number of Northern Trust entities that provide trading and execution services on behalf of institutional clients, including institutional brokerage, foreign exchange, securities lending and transition management.
Laurence Everitt, head of global fund services at Northern Trust UK, says: “We are delighted to partner with International Biotechnology Trust and SV Health Managers in delivering the administration, execution and technology capabilities they and their investors require.”
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