Northern Trust appointed to provide asset management solutions to International Biotechnology Trust

LONDON–(BUSINESS WIRE)–Northern Trust (Nasdaq: NTRS) has been appointed to provide global custody, fund accounting, custodial services and its Integrated Trading Solutions outsourced trading service to International Trust for Biotechnology and its investment manager SV Health Managers.

Founded in 1994, International Biotechnology Trust is a United Kingdom (UK) investment trust which, at the end of May 2022, had a market capitalization of over £255 million. Listed on the London Stock Exchange, its objective is to achieve long-term capital growth by investing primarily in biotechnology and other life sciences companies with high growth potential through the development and/or commercialization of a product, device or enabling technology. .

Laurence Everitt, Head of Global Fund Services, UK at Northern Trust said, “We are delighted to partner with International Biotechnology Trust and SV Health Managers to provide the administration, execution and technology capabilities they and their investors need. Our Whole Office™ approach to working with investment managers allows us to deliver these solutions through a single platform and integrated service model, reducing business complexity for clients while helping us meet their needs. constantly evolving.

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

Integrated Trading Solutions is part of Northern Trust Capital Markets, which comprises a number of Northern Trust entities that provide trading and execution services on behalf of institutional clients, including institutional brokerage, foreign exchange, lending securities and transition management.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, 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 March 31, 2022, Northern Trust had assets under custody/administration of US$15.5 trillion and assets under management of US$1.5 trillion. For more than 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.

http://www.northerntrust.com