From offices in Dublin and Limerick, Northern Trust's asset servicing solutions supports leading fund managers and institutional investors worldwide, including traditional and alternative asset managers, insurance companies and multinational pension funds.
Services provided include fund administration, transfer agency, fund accounting, financial reporting, global custody, depositary/trustee services, investment operations outsourcing, as well as investment risk and performance analytics. Collectively these solutions help facilitate improved speed-to-market, operational efficiency, business focus and distribution for clients’ traditional and alternative funds.
These solutions are aligned with Northern Trust’s Whole Office™ approach of supporting clients with their business challenges by providing access to new technologies and capabilities ancillary to traditional fund administration, depositary and global custody services - for example supporting their trade execution, investment operations, data, digital and analytics requirements.
With a presence in Ireland since 1989* and more than 1,700 staff based here, industry firsts include servicing the first Irish UCITS fund in 1989; acting as administrator for one of the first Irish domiciled hedge funds in 1994; launching Ireland's first tax-transparent solution for multinationals in 2005 and servicing the first major European exchange traded funds launched in 2000.
Northern Trust's global operating platform, provides 24/7 coverage of global markets. With assets under administration of more than $670 billion from Ireland, its dedicated teams support in excess of 1,700 UCITS and non UCITS funds across traditional and alternative asset classes including direct investment hedge funds, funds of hedge funds, exchange traded funds, tax-transparent funds, real estate funds, money market funds, private equity funds, infrastructure funds and segregated accounts**.
All Irish legal structures are supported including unit trusts, PLCs, limited partnerships and ICAVs. In addition, Cayman, BVI, Dutch and Bermuda fund structures are also supported from Ireland.
Northern Trust is committed to creating lasting relationships through a client-centric approach and is at the centre of industry developments though its relationships and executives’ roles with local industry bodies such as Irish Funds (formerly the Irish Funds Industry Association).
*Presence in Ireland date for Northern Trust relates to Bank of Ireland Securities Services acquired by Northern Trust on 1st June 2011.
**As of 31 December, 2023