Northern Trust and Carey Olsen support the launch of the Castelnau group on the London Stock Exchange

GUERNESEY – (COMMERCIAL THREAD) – Northern Trust (Nasdaq: NTRS) and Carey Olsen supported Castelnau Group Limited during its initial public offering (IPO) on the London Stock Exchange (LSE).

The investment company domiciled in Guernsey, managed by Phoenix asset management, recently launched on the LSE following a £ 178million (approx. US $ 245million) IPO. Castelnau is focused on investing in public and private companies with upfront investments, including companies providing digital analytics.

Northern Trust provides Castelnau Group Limited with a suite of asset management solutions, including fund administration, fund accounting, custody and custodian services. Carey Olsen’s team advising Phoenix Asset Management on all Guernsey legal and regulatory aspects of the IPO was led by partner Ben Morgan, with assistance from senior partner James Cooke and partner Kristina Mikhaylova.

Steve Tatters, COO, Phoenix Asset Management, said: “Northern Trust’s experience in supporting Guernsey-domiciled investment firms with LSE listings, combined with its range of asset management solutions, were among the reasons for this appointment. The Northern Trust team and our Guernsey law firm, Carey Olsen, have worked closely with us to successfully support the IPO.

Dave Sauvarin, Director of Northern Trust Channel Islands, said: “Guernsey continues to demonstrate its appeal as a jurisdiction supporting LSE registrations with deep expertise in this area. The decision by Phoenix Asset Management to use Northern Trust in Guernsey as the hub for the LSE listing of Castelnau Group Limited is a testament to the depth of experience and reputation of the island.

Ben Morgan, Partner, Carey Olsen, declared: “We are delighted to have supported the Castelnau Group in the context of its successful admission to the Specialized Fund Segment of the LSE. Our involvement demonstrates both Carey Olsen’s extensive experience in capital markets and Guernsey’s continued attractiveness as a jurisdiction for listed vehicles.

Northern Trust Global Fund Services business provides services such as fund administration, global custody, outsourcing of investment operations and capital market income enhancement solutions to global investment managers, supporting a range of strategies complex investments across all asset classes.

About Carey Olsen

Carey Olsen is a leading offshore law firm advising financial institutions, businesses and private clients on the laws of Bermuda, British Virgin Islands, Cayman Islands, Guernsey and Jersey from a network of nine international offices.

We provide legal services relating to all aspects of business and finance, trusts and private wealth, investment funds, insolvency, restructuring and dispute resolution.

Our clients include global and local financial institutions, investment funds, private equity firms, multinational corporations, public organizations, sovereign wealth funds, high net worth individuals, family offices, directors, trustees and private clients. We also work alongside all the major onshore law firms, accounting firms and insolvency practitioners.

We employ more than 500 people and our more than 60 partners lead a full complement of 260 lawyers.

For more information on Carey Olsen, visit or by email at [email protected]

Carey Olsen is an exclusive member of World Services Group (WSG), a leading global legal network of leading independent firms working in over 150 jurisdictions.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset services, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2021, Northern Trust had assets in custody / administration of US $ 15.8 trillion and assets under management of US $ 1.5 trillion. For over 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, head office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA. Please read our global and regulatory information.

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