20.02.2017

Northern Trust says to buy UBS Fund Service Units in Luxembourg and Switzerland

400UBS said Northern Trust is buying fund services units of UBS in Luxembourg and Switzerland, on Monday.  The company did not announce the financial terms of the deal.
The transaction is expected to close in the second half of 2017, subject to applicable regulatory and fund board approvals and other customary closing conditions.
The acquisition will enable Northern Trust to expand its presence in Luxembourg and gain local fund administration capabilities in Switzerland. It will become the fund administration services provider for funds with about 420 billion Swiss francs ($418.79 billion) in assets.

UBS said its clients will continue to be supported by their current relationship management teams following the transaction. UBS Asset Management will continue to offer Management Company, White Labelling and Representative Services to its clients.
Goldman Sachs International served as financial advisor to Northern Trust on the transaction.


Events


Semptember 2015
  • 21
    Sep

    Dieser Intensivkurs bietet Ihnen praxisorientierten Uberblick der modernen konzepte, die Sie als ins

  • 21
    Sep

    As a trading and investment professional you may be interested in the Joint- Event with GAP- S.A.M.T

  • 21
    Sep

    Die jährliche IFZ-Konferenz beschäftigt sich mit indirekten Immobilienanlagen im In- und Ausland.

  • 25
    Sep

    The Lugano International Fiscal Forum (LIFF) is the most important event dedicated to opportunities

  • 26
    Sep

    Die 360°-Sicht: Alle Player im Versicherungsmarkt diskutieren die Zukunftsthemen – vielschichtig,

See All

newsletter

Updates and news from MarketPlus

Market Overview
SMI® PR9095.650,03 %
LYXOR DAX INAV119.9520,06 %
FTSE MIB Index22355.58-0,31 %
FTSE 1007271.95-0,05 %
CAC 405241.660,08 %
S&P 5002508.240,06 %
NASDAQ Composite6456.0439-0,08 %
HANG SENG INDEX28127.800,27 %
Powered by Yahoo Finance