The appointment adds to Northern Trust’s existing asset servicing relationship with the Borough, to which it provides custody services for around $721m in assets.
Royal Borough of Kensington and Chelsea head of Financial Services Paul Kidd said we appointed NTGI based on their track record of performance in providing custody services to us since 2009, as well as their strong reputation for transition management.
"We also recognised the efficiencies in consolidating our custody and transition management requirements into one provider," Kidd said.
NTGI is a multi-asset class investment manager offering a an array of active, passive and quantitative investment solutions, including cash and fixed income, index management, securities lending, transition management, fund of hedge funds and fund of private equity funds.
