Martin Currie has finalised the transition of its investment operations to Northern Trust for assets managed out of its offices in Edinburgh and London.
This investment operations outsourcing deal now includes performance measurement and client reporting that were previously managed in-house.
This outsourcing contract replicates the arrangements that Martin Currie has in place for its Australian investment management business, where operations are also serviced by Northern Trust.
The appointment is in line with the fund manager’s strategy of globalising its operating model to deliver consistency of service and scale benefits across its international investment activities.
The Edinburgh-based asset manager, which is an independently-managed affiliate of Franklin Templeton, has assets under management of just over $21 billion.
Martin Currie’s chief administration officer Euan Wilson says: “Our choice of middle office services provider is crucial for the data required to inform our decision making and to support the flow of investment functions. Northern Trust’s ability to demonstrate operational robustness and to integrate with our order management system were key reasons for this appointment.”
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