Northern Trust announced that it is providing Sanlam Asset Management (Ireland) Limited (SAMI) with fund administration, transfer agency, custody, depositary and FX services. SAMI is an international investment management platform managing funds domiciled in Ireland valued at USD 8.7 billion (as of 1 February 2024). Established in 1997 in Dublin, Ireland, it is part of the Sanlam financial service group headquartered in Bellville, Western Cape, South Africa.

It offers in-house and third party-managed funds for international investors along with multi-manager fund hosting capabilities for asset managers. Investors in its funds include institutional and retail clients from South Africa, the United Kingdom (UK) and other jurisdictions. These funds are managed in conjunction with Sanlam?s London-based boutique asset management business, Sanlam Investments UK, its South African-based asset management business, Sanlam Investments and independent third party managers.

They comprise a range of high-conviction strategies encompassing equities, fixed income, and alternative asset classes. Northern Trust is now serving as the single provider of asset servicing solutions for these funds. The appointment builds upon an existing relationship between Sanlam Investments UK and Northern Trust as a client of its Integrated Trading Solutions outsourced trading desk.