UBS to transfer fund administration to Northern Trust
UBS UBS Group AG
$48.47 +0.60%
View chart & analysis → - 1UBS has agreed to extend its fund administration relationship with Northern Trust and transfer the existing Credit Suisse fund administration business.
- 2Northern Trust will expand its existing administration mandate for UBS's Swiss and Luxembourg entities and acquire the traditional and alternative fund administration businesses.
- 3The service transfer will be carried out in stages over two years.
So what's the key point?
UBS has decided to entrust its fund administration tasks to Northern Trust. This process is scheduled to take place gradually over a period of two years.
Source Private Banker International · View original ↗
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