TwentyFour Asset Management has selected Northern Trust to provide custody, fund accounting, financial reporting, compliance and company secretarial services to a new asset-backed securities fund, domiciled in Guernsey.
TwentyFour Asset Management is an independent fixed-income specialist based in London with £1.7 billion in assets under management.
“This new asset-backed securities fund is just one of the many kinds of innovative fund structures suited to Guernsey’s flexible and pragmatic approach to financial regulation and highly developed professional support infrastructure,” said Paul Cutts, country head at Northern Trust Channel Islands.
“As Guernsey’s largest fund administrator and custodian, Northern Trust is delighted to work with TwentyFour Asset Management, supporting them as they focus on capturing investment opportunities.”
“Northern Trust were willing to work closely with us to understand our unique requirements,” said Nick Knight-Evans, partner and chief operating officer at TwentyFour Asset Management.
“Their experience in supporting other kinds of complex fund structures as well as their integrated range of asset servicing solutions, were key factors in their appointment”
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