The approval enables the Northern Trust to offer asset management solutions, in addition to the existing custody and fund administration services directly to Nordic investors, directly via its Stockholm office.
The Stockholm office was opened in September 2009 to offer asset servicing products and services to its Nordic clients as close to their home market as possible. The asset manager offers relationship and account managers who speak the Scandinavian languages.
Northern Trust managing director of NTGI in Europe, Middle East and Africa John Krieg said Northern Trust has a long heritage of working with some of the most sophisticated institutional funds and investment managers in the Nordics, such as AP7 for example.
"This local expertise will support us as we bring our market-leading global investment management products and services to the region and expand NTGI’s footprint," Krieg said.
Northern Trust managing director for Nordic region Madeleine Senior said that Northern Trust Global Investments’ (NTGI) presence in Stockholm will enable the company to continue to support the clients’ unique regional requirements with a broader array of solutions.
Recently, Northern Trust Global Investments, the international asset management arm of Northern Trust, was given approval to offer asset management solutions to clients across Benelux (Belgium, The Netherlands and Luxembourg), from Northern Trust’s Amsterdam office.
