Northern Trust has been selected by Switzerland-based asset manager Kieger AG and Kieger (Luxembourg) SA to provide fund administration, global custody, depositary and currency management services for their Luxembourg-domiciled funds.
Founded in 2000, Kieger manages several billion euros in fund assets focused on healthcare, sustainability, private equity and multi-asset portfolios aligned with environmental, social and governance (ESG) criteria.
Its Luxembourg funds are structured as Société d'investissement à Capital Variable (SICAV) and Fonds Commun de Placement (FCP) vehicles.
Northern Trust’s presence in Luxembourg has grown steadily since it opened an office in 2004 as part of a strategic initiative that led to the establishment of Europe’s first tax-transparent pooling investment vehicle.
“By providing the full combination of asset servicing solutions, including a suite of currency management solutions to help manage and mitigate currency volatility, we are pleased to support Kieger in executing its global growth and distribution strategy,” said Northern Trust’s Clive Bellows, head of Global Fund Services, Europe, Middle East and Africa.
Matthias Mosler, CEO, Kieger AG, commented: “As ESG plays an increasingly important role in global investor considerations, Kieger is delighted to extend our range of sustainable solutions to assist clients in realising their growth ambitions in line with ESG criteria.”
“With Northern Trust’s broad range of asset servicing solutions, innovative technology, reporting capabilities and expertise, we have the operational platform and partnership needed to support us in continuing to deliver first-class services to our investors,” Molser added.
Meanwhile, Northern Trust has extended its relationship with Driehaus Capital Management by becoming its fund administrator to provide fund accounting, fund administration, regulatory administration, transfer agency and global custody services to the Driehaus Mutual Funds.
