Pzena Investment Management (Pzena) has selected Northern Trust to provide fund administration and global asset servicing for its UCITS funds.
Northern Trust now services Pzena’s funds domiciled in the US, Ireland and Australia as well as supporting its worldwide investors, fund distribution strategies and strategic plans for future expansion.
Evan Fire, principal, chief information and operations officer and chief information security officer, Pzena Investment Management, commented: “As Pzena further extends its product range and distributes funds into new markets, the business continues to grow in size and complexity.”
He added: “In Northern Trust, we have a global strategic asset servicing partner in place with the expertise, technology and scale to support our plans as we expand. This relationship also helps us focus more closely on our specialism of long-term value investing and on exceeding our investors’ client service requirements.”
Clive Bellows, head of global fund services, Europe, the Middle East and Africa, Northern Trust, said: “As Pzena has evolved into a global investment house over the past decade, our teams have supported their thoughtful approach to equity investing, fund distribution and investor servicing. We are delighted to extend our relationship–working in partnership with Pzena to support it in executing its strategic plans.”
