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«Falcon Sensor» – der Produktname des IT-Unternehmens Crowdstrike verspricht die Schärfe eines Falkeauges zur Gefahrenabwehr. Und was ist passiert? Ein fehlerhaftes Software-Update der Sicherheitsfirma hat...
Northern Trust becomes Switzerland's largest Fund Administrator
Northern Trust announced the closing of its acquisition of UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland, and so further underpins its growth strategy for Continental Europe.
Northern Trust announced its intention to acquire the UBS fund administration servicing units in February 2017, subject to applicable regulatory and fund board approvals and other customary closing conditions. The acquisition of UBS Asset Management's fund servicing units positions Northern Trust as a leading administrator by assets in Switzerland and a top 10 asset servicing provider in Luxembourg. Northern Trust welcomes more than 200 new employees and establishes a new European office in Basel, Switzerland, as a result of the acquisition.
Northern Trust first opened an office in Luxembourg in 2004, and has provided a range of investment management and asset servicing solutions to Swiss clients for more than 30 years. The acquisition expands Northern Trusts scale in Continental Europe, enhancing its capabilities and increasing its client base. Northern Trust has 11 offices and more than 3500 employees across Europe, the Middle East and Africa.
