Northern Trust to Provide Collective Investment Trust Services for Reliance Trust Company
August 30 2017 - 9:30AM
Business Wire
New CIT Subadvised by Driehaus Capital
Management
Northern Trust has been selected by Reliance Trust Company to
provide back-office support including custody, fund accounting, and
transfer agent services for a collective investment trust (CIT)
subadvised by Driehaus Capital Management.
“We are excited to be working closely with both Reliance Trust
and Driehaus Capital Management to support this CIT fund for
qualified retirement plans,” said Dan Houlihan, head of Global Fund
Services in North America. “Our strong back-office service,
expertise and technology, combined with Reliance Trust’s ERISA
experience, bring together two parties with exceptional financial
strength on behalf of asset managers like Driehaus Capital
Management.”
“Reliance Trust and Northern Trust were selected as our CIT
distribution platform based on their joint dedication to
understanding our business and strategic goals through innovation
and proactive engagement,” said Tom Seftenberg, Managing Director,
at Driehaus Capital Management. “Northern Trust’s culture of client
service excellence and Reliance Trust’s commitment to oversight
dovetail nicely with our investment responsibilities and
distribution efforts.”
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, 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, 2017, Northern Trust had assets
under custody of US$7.4 trillion, and assets under management of
US$1.03 trillion. 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.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/disclosures.
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Northern Trust CorporationMedia Contact:John O’Connell(312)
444-2388John_O'Connell@ntrs.comhttp://www.northerntrust.com
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