Northern Trust has reported slight increases in its assets under custody, with figures for Q4 2014 rising 7 percent compared to the same period in 2013.
At the end of Q4 2014, assets under custody were $5.97 trillion, a 1 percent increase on Q3’s figure of $5.91 trillion, and a 7 percent jump from Q4 2013 which reached $5.58 trillion.
Assets under management reached $934 billion in Q4 2014. This is also a 1 percent increase on Q3 2014, which reached $923 billion, and a 6 percent increase on the figure for Q4 in 2013, of 884 billion.
Custody and fund administration fees increased by 12 percent, which was largely attributed to new business and higher equity markets. It was partially offset, however, by the impact of movement in foreign exchange.
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