Mobius Capital Partners Appoints Northern Trust to Support UK Investment Trust and Luxembourg SICAV
December 06 2018 - 6:32AM
Business Wire
Collaborative Approach Delivers Integrated
Trading Solutions and Asset Servicing Expertise to Leading Asset
Manager
Northern Trust (Nasdaq: NTRS) today announced that it has been
selected by Mobius Capital Partners, the emerging and frontier
markets investment manager, to provide a range of asset servicing
and Integrated Trading Solutions to support the firm’s
London-listed Mobius Investment Trust (MMIT.L) and Luxembourg
Société d'Investissement à Capital Variable (SICAV), the Mobius
Emerging Markets Fund.
Dr. Mark Mobius, founder 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 delivers an immediate capability to address some of the
significant challenges that MiFID II is posing to asset
managers.”
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, an advanced front-to-back office outsourced trading
service.
“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,” said Clive Bellows, head of Global Fund Services
for Europe, Middle East and Africa (EMEA) at Northern Trust.
“We work with and support our clients with a range of solutions to
suit their individual needs and requirements. Mobius Capital
Partners will benefit from Northern Trust’s wealth of experience,
leading technology applications, regulatory, compliance and middle
office support.”
“To remain competitive in today’s increasingly regulated
environment, asset managers need to drive efficiency at all points
within the trade lifecycle,” said Guy Gibson, head of
Institutional Brokerage for EMEA & Asia-Pacific at Northern
Trust. “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.”
Institutional Brokerage is part of Northern Trust Capital
Markets which provides foreign exchange, securities lending and
transition management services. It forms part of Northern Trust’s
Corporate & Institutional Services business – a leading
provider of asset servicing, fund administration and middle office
solutions to institutional asset managers and asset owners around
the globe.
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 23
international locations in Canada, Europe, the Middle East and the
Asia-Pacific region. As of September 30, 2018, Northern Trust had
assets under custody/administration of US$10.8 trillion, and assets
under management of US$1.1 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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version on businesswire.com: https://www.businesswire.com/news/home/20181206005363/en/
Europe, Middle East, Africa & Asia-Pacific:Camilla Greene+44
(0) 20 7982 2176Camilla_Greene@ntrs.com
Mat Barling+44 (0) 20 7982 1445Mat_Barling@ntrs.comUS &
Canada Contact:
John O’Connell+1 312 444
2388John.O'Connell@ntrs.comhttp://www.northerntrust.com
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