Northern Trust has serviced clients in the Nordic region since 1991, leveraging our deep local market expertise and comprehensive asset servicing solutions to meet the unique needs of Nordic institutional investors and investment managers. We help facilitate improved operational efficiency, speed-to-market and business focus for our clients while supporting governance, risk management and distribution requirements for their traditional and alternative funds in key domiciles such as Ireland and Luxembourg. Our solutions include global custody, fund administration, investment risk analytics, back-and-middle office investment operations outsourcing, institutional brokerage and solutions to support regulatory change. Our Stockholm office opened in 2009, offers a suite of asset servicing solutions, including fund services for Nordic investment, investment operations outsourcing, global custody and securities lending for some of the Nordic region’s most sophisticated institutional investors.
Our Oslo branch opened in 2021 and formed an important milestone in our long-term depositary growth strategy and a continuation of our strategic focus on building our business across continental Europe, further demonstrating our commitment to consolidating our position as a premier asset servicing partner to asset managers and asset owners across the Nordic region. Through our team of local specialists we offer onshore depositary services for Norwegian domiciled UCITS and AIF funds.
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2023, Northern Trust had assets under custody/administration of US$15.4 trillion, and assets under management of US$1.4 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.
Doing business in the Nordics is different: we are one region with many different nuances – regulatory, procedural, and cultural. We are part of the global financial community, but we also have unique and specialized needs. Northern Trust has built a culture and service approach that blends global scale with local market presence led by people who know the nuances. To us, that’s the key to long-term, meaningful relationships that help clients evolve, grow, and succeed.
North America moved to its T+1 settlement cycle and Europe is discussing when to follow. Let us zoom in on the Nordic region: What can we expect, and what action should market participants take if any?