Northern Trust has been selected by Mobius Capital Partners to provide asset servicing and integrated trading solutions.
Northern Trust will support the firm’s London-listed Mobius investment trust and Luxembourg Société d'Investissement à Capital Variable (SICAV), the Mobius emerging markets fund.
As part of the agreement, Northern Trust will provide depositary, custody, fund accounting and foreign exchange (FX) services to the investment trust, and fund administration to the SICAV.
Investors in both vehicles will benefit from Northern Trust’s recently launched integrated trading solutions, a front-to-back office outsourced trading service.
According to Guy Gibson, head of Institutional Brokerage for Europe, the Middle East and Africa (EMEA) and the Asia Pacific at Northern Trust, to remain competitive in today’s increasingly regulated environment, asset managers need to drive efficiency at all points within the trade lifecycle.
Gibson added: “By outsourcing their end-to-end trading needs to Northern Trust, Mobius Capital Partners will reduce the cost of execution, reduce risk and improve regulatory compliance.”
Mark Mobius, founding partner of Mobius Capital Partners, said: “Northern Trust has worked closely with us for a number of months as we launched two separate vehicles accessing our single governance-orientated strategy. Together, we have built a collaborative relationship, leveraging their innovative consultative solutions. Northern Trust’s integrated trading solutions deliver an immediate capability to address some of the significant challenges that the second Markets in Financial Instruments Directive is posing to asset managers.”
Clive Bellows, head of global fund services for EMEA at Northern Trust, commented: “Mobius Capital Partners has successfully launched both a closed and open-ended fund this year and we’re thrilled to be working with an asset manager that has such a strong commitment to improving environmental social governance standards in emerging and frontier markets.”
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