DUBLIN – (COMMERCIAL THREAD) – Northern Trust (Nasdaq: NTRS) was appointed by Omba Investments Irish Collective Asset Management Vehicle (ICAV) to provide custodian, custodian and associate services globally for its new umbrella fund, Ireland-domiciled undertakings for collective investment in transferable securities (UCITS).
The 100 million US dollars planned Omba Investments ICAV (Omba) umbrella fund will be launched with two new UCITS funds, the Omba Global Thematic Fund and Omba Global Equity Fund.
Subsequently, and after the approval of the merger by the Central Bank of Ireland (CBI), the umbrella will also incorporate the Omba Moderate risk global allocation fund. It is currently a sub-fund on the multi-manager platform Prescient Global Funds ICAV, for which Northern Trust also provides custody and depositary services.
David Pierson, Director of Omba, commented: “As we strive to provide investors with low-cost, diversified exposure to different asset classes, countries, sectors and currencies, we need an asset servicing provider with specialist service capabilities in the field. exchange-traded funds (ETFs) to support our international investor base. Northern Trust has the scale, capabilities and technology to support the successful operation of the fund and help our team achieve its goals. ”
The Omba Global Thematic Fund is an actively managed equity strategy that invests in a diverse set of equity themes through ETFs and individual stocks. The Omba Global Equity Fund is a subset of equity positions in the moderate risk fund, offering investors a diversified global equity strategy using national, sector, thematic and factor ETFs.
Omba is supported by Prescient Fund Services (Ireland) Limited as the management company of its ICAV. Hayden Reinders, Head of Business Development and Client Management at Prescient Fund Services (Ireland) Limited, said: “Prescient is proud to be associated with Omba for its new Irish ICAV. We’re excited to partner with Omba as they launch their platform – and with the prospect of sub-funds in the pipeline, we look forward to supporting them on their growth journey. ”
Clive Bellows, Head of Global Fund Services, EMEA, at Northern Trust, said: “Northern Trust’s 20 year history serving European ETFs places us well to support the strategies of clients such as Omba while providing the accurate reporting and custody services required for day-to-day fund operations. We congratulate the Omba team for this expansion of their business.
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 OMBA Advisory & Investments Ltd
Omba advises and manages the money of Family Offices and high net worth clients and is the investment manager of a range of UCITS funds. The company is an ETF specialist and creates and manages low-cost, globally diversified ETF portfolios, which are robustly managed through a transparent process to deliver value and manage costs effectively for investors. investors. Omba launched his first Irish UCITS fund in 2019 and, along with the company winning the prestigious PAM Awards Emerging Manager 2020, Director Mark Perchtold was named one of the 50 Most Influential Private Asset Managers in Managing fortune in 2021 (Source: PAM Insight, January 25, 2021).
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 under 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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