Sanlam Asset Management (Ireland) Limited has selected Northern Trust for fund administration, transfer agency, custody, depositary and FX services.
Sami, an international investment management platform under the Sanlam financial service group based in Bellville, Western Cape, South Africa, manages funds domiciled in Ireland. It provides in-house and third-party-managed funds, offering multi-manager fund hosting capabilities for asset managers. The firm’s investor base comprises institutional and retail clients from South Africa, the UK, and other jurisdictions.”
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These funds are managed jointly by Sanlam’s UK and South African asset management businesses, along with third-party managers, offering diverse strategies across equities, fixed income and alternative assets.
Northern Trust is now serving as the single provider of asset servicing solutions for these funds.
Richard Aslett, chief executive officer, Sami, said: “Northern Trust’s focus on high-quality investor servicing and investment in digital technology aligns with our objectives to deliver service experiences for our client base of institutional and retail investors.”
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Clive Bellows, head of global fund services, Europe, Middle East and Africa at Northern Trust, commented: “Northern Trust’s global scale and investment in technology allow us to deliver the service levels, efficiency and information that our investment manager clients require – regardless of the locations where they or their investors are based, or the fund types in which they invest.”
