Northern Trust has received regulatory approval to offer local custodian, depositary, transfer agency and ancillary services to institutional investors and managers in Switzerland. Northern Trust has more than 30 years of experience in providing an extensive range of asset servicing and investment solutions to Swiss clients, and in 2017 established its presence in Basel, following its acquisition of UBS Asset Management’s fund administration servicing units in Luxembourg and Switzerland. Marco Wiegmann has been appointed head of the new Depotbank. Wiegmann joined Northern Trust Switzerland in 2020 from RBC Investor & Treasury Services.
