Sanlam Asset Management (Ireland) (SAMI) has selected Northern Trust to provide fund administration, transfer agency, custody, depositary and FX services.
SAMI manages funds domiciled in Ireland valued at approximately US$8.7 billion, and is part of the Sanlam financial services group, headquartered in South Africa.
The parent company provides asset managers with multi-manager fund hosting capabilities, alongside in-house and third party-managed funds for international investors.
Sanlam Investments UK, a boutique asset management business, already partners with Northern Trust, using its outsourced trading desk.
Richard Aslett, CEO of SAMI, says: “Northern Trust’s focus on high-quality investor servicing and investment in digital technology aligns strongly with our objectives. We are pleased to extend a relationship that supports our focus on both the long-term growth of our clients’ investments and the strategic ambitions we have for our business.”
Clive Bellows, head of global fund services for EMEA at Northern Trust, comments: “Northern Trust’s global scale and investment in technology allow us to deliver the service levels, efficiency and information that our investment manager clients require — regardless of the locations where they or their investors are based, or the fund types in which they invest.”
