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Northern Trust To Support the Production Of Key Investor Information Documents To Help Clients Meet UCITS IV Requirements

^{Published on 2010-12-10 02:00:38 - Market Wire}
 

LONDON--([ BUSINESS WIRE ])--Northern Trust (Nasdaq:NTRS) announced today that it can now assist fund managers across the globe with the generation and maintenance of Key Investor Information Documents (KIID). This latest automated offering supports Northern Trusta™s fund manager clients who under UCITS IV will be required to provide KIID for every UCITS product sold within European Union member states.

"Some of our clients may have thousands of KIIDs to produce during the course of each year, so automation, control and data access will be key to success."

aUCITS IV will affect fund managers across the globe, and this latest service is in line with our focus on delivering solutions to help support our clients as they navigate the new regulatory landscape,a said Karen Hamilton, head of fund administration product development for Europe Middle East and Africa at Northern Trust. aSome of our clients may have thousands of KIIDs to produce during the course of each year, so automation, control and data access will be key to success.a

Northern Trust has partnered with Equipos, a leading international supplier of specialist client reporting, document management and business process management solutions for institutional and private client investors, and wealth managers, to deliver the solution. It builds on an existing solution from Equipos already in use in Northern Trusta™s Investment Operations Outsourcing business.

aThrough the Equipos solution, Northern Trust will be able to automate the production of KIID for their clients as well as leverage an integrated workflow tool to control the production process,a said Damian Bryan, Equipos Chief Technical Officer.

KIID aims to promote transparency and uniform standards among different EU member states and includes the following information relating to the UCITS fund concerned:

• identification of the UCITS
• a short description of its investment objectives and investment policy
• past-performance presentation or, where relevant, performance scenarios
• costs and associated charges
• the risk/reward profile of the investment, including appropriate guidance and warnings in relation to the risks associated with investments in the relevant UCITS

Northern Trust provides fund administration services to fund managers across the globe and can service the needs of traditional and alternative investment managers, often with complex fund structures and multi-jurisdictional requirements.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading providers of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2010, Northern Trust had US $3.6 trillion in assets under custody, and US$603 billion in assets under investment management. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit [ www.northerntrust.com ].

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A, incorporated with limited liability in the U.S.

The Northern Trust Company, London Branch (reg. no. BR001960), Northern Trust Global Investments Limited (reg. no. 03929218) and Northern Trust Global Services Limited (reg. no. 04795756) are authorised and regulated by the Financial Services Authority.

The material within and any linked material accessed via this communication is directed to eligible counterparties and professional clients only and should not be distributed to or relied upon by retail investors. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.

• Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission.
• Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission.
• Northern Trust International Fund Administration Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Financial Regulator.
• Northern Trust Global Services Limited has a Netherlands Branch which is authorised and regulated in the Netherlands by De Nederlandsche Bank.
• Northern Trust Global Services Limited has a Luxembourg Branch which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
• Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF).
• Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008 which is authorised and regulated by the Central Bank of the United Arab Emirates.
• The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.
• The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI)and is regulated by the Australian Prudential Regulation Authority.
• The Northern Trust Company of Hong Kong Limited is a securities company regulated by the Securities and Futures Commission.
• The Northern Trust Company has a Singapore Branch which is a foreign wholesale bank regulated by the Monetary Authority of Singapore.
• The Northern Trust Company operates in China as a Representative Office and is regulated by the China Banking Regulatory Commission.
• Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency.
• Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen.