CHICAGO--(BUSINESS WIRE)--Northern Trust announced today it received the 2016 U.S. Mutual Fund Services awards for Best Administrator – Technology and Reporting and Best Custody Services.
The awards, sponsored by Fund Intelligence, recognize service providers who play a key role in U.S. mutual funds. Award recipients demonstrated success in customer and revenue growth as well as product and brand innovation.
Fund Intelligence cited Northern Trust for its regular platform updates and strong custody client communications, while also highlighting the firm’s sophisticated service offerings to meet the growing needs of its client base.
In a statement, Fund Intelligence said: “Northern Trust doesn’t just talk about the technology. It acts and radically evolves based on good ideas and by working with its customers.”
“We are delighted to be recognized by Fund Intelligence for our technology and custody solutions,” said Dan Houlihan, head of Northern Trust Global Fund Services in North America. “We strive for consistent innovation, especially as fund managers adapt to a rapidly changing regulatory environment and growing complexity of data.”
Northern Trust’s Global Fund Services unit provides fund administration, global custody, and investment operations outsourcing solutions to more than 650 asset managers across the globe. It supports diverse fund structures across multiple domiciles and jurisdictions and has expertise in traditional and alternative investment vehicles.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, and affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2016, Northern Trust had assets under custody of US$6.4 trillion, and assets under management of US$906 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
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