SAMI picks Northern Trust for fund administration
22 February 2024 Ireland
Image: tilialucida/stock.adobe.com
Sanlam Asset Management (Ireland) (SAMI) has selected Northern Trust to provide fund administration, transfer agency, custody, depositary and FX services.
SAMI manages funds domiciled in Ireland valued at approximately US$8.7 billion, and is part of the Sanlam financial services group, headquartered in South Africa.
The parent company provides asset managers with multi-manager fund hosting capabilities, alongside in-house and third party-managed funds for international investors.
Sanlam Investments UK, a boutique asset management business, already partners with Northern Trust, using its outsourced trading desk.
Richard Aslett, CEO of SAMI, says: “Northern Trust’s focus on high-quality investor servicing and investment in digital technology aligns strongly with our objectives. We are pleased to extend a relationship that supports our focus on both the long-term growth of our clients’ investments and the strategic ambitions we have for our business.”
Clive Bellows, head of global fund services for EMEA at Northern Trust, comments: “Northern Trust’s global scale and investment in technology allow us to deliver the service levels, efficiency and information that our investment manager clients require — regardless of the locations where they or their investors are based, or the fund types in which they invest.”
SAMI manages funds domiciled in Ireland valued at approximately US$8.7 billion, and is part of the Sanlam financial services group, headquartered in South Africa.
The parent company provides asset managers with multi-manager fund hosting capabilities, alongside in-house and third party-managed funds for international investors.
Sanlam Investments UK, a boutique asset management business, already partners with Northern Trust, using its outsourced trading desk.
Richard Aslett, CEO of SAMI, says: “Northern Trust’s focus on high-quality investor servicing and investment in digital technology aligns strongly with our objectives. We are pleased to extend a relationship that supports our focus on both the long-term growth of our clients’ investments and the strategic ambitions we have for our business.”
Clive Bellows, head of global fund services for EMEA at Northern Trust, comments: “Northern Trust’s global scale and investment in technology allow us to deliver the service levels, efficiency and information that our investment manager clients require — regardless of the locations where they or their investors are based, or the fund types in which they invest.”
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