Vontobel Asset Management hired Northern Trust as global custodian and administration services provider for a new Luxembourg-based emerging markets equity institutional fund Vontobel launched Tuesday for institutional investors in Europe and Asia, confirmed John O’Connell, Northern Trust spokesman.
Northern Trust already handles “non-portfolio management-related investment operations” for Vontobel, including ”trade processing and settlement, reconciliation, portfolio accounting, client valuations and reporting, foreign exchange and other aspects of post-trade execution support,” according to a news release.
Peter Newell, managing director and senior portfolio manager with Vontobel, couldn’t immediately be reached for comment.
