NORTHERN TRUST Northern Trust (NASDAQ: NTRS) has received the Private Equity Fund Administrator of the Year, Mutual Fund Administrator of the Year and Securities Lender of the Year awards from Custody Risk magazine, highlighting exceptional achievement in the securities services industry with its annual Americas Awards.
“The Custody Risk Americas Awards reinforce our client-centric approach and emphasis on providing our clients with customized solutions for their regulatory and reporting needs,” said Dan Houlihan, head of Northern Trust Global Fund Services in North America. “We are grateful to be recognized for our expertise in fund administration for both private equity and mutual fund clients in addition to our strength in providing customized securities lending programs. The combination of our collaborative approach, along with a strong culture of risk management, has helped set us apart.”
Custody Risk magazine covers custody and fund administration services, with a readership of global securities industry investment and operations decision makers. Award submissions were evaluated by an independent panel of industry experts who considered factors such as new business won, innovation, client satisfaction, business profile and overall expertise. Northern Trust won the awards based on several factors, including:
- Providing regular regulatory development newsletters and forums with industry experts.
- Delivering a range of customizable reports and templates through its integrated global platform, allowing clients convenient data accessibility.
- Capitalizing on new securities lending opportunities by expanding its borrower network, collateral options and available markets open to its global client base.
“Asset servicing providers are facing challenges such as a continued focus on regulations and more pressure to deliver accurate and accessible data, which made selecting winners this year all the more difficult,” said Luke Clancy, editor of Custody Risk magazine. “Northern Trust continues to prove that a focus on providing tailored solutions for clients and anticipating future client needs is a winning formula.”
The Custody Risk Americas Awards ceremony was held earlier this month in New York City. Award winners will be profiled in the next edition of the magazine.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2015, Northern Trust had assets under custody of US$6.1 trillion, and assets under management of US$960.1 billion. For 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures.
