Northern Trust has been selected by Nordic investment manager Storebrand Asset Management AS as asset servicing provider for its AIF and UCITS funds domiciled in Luxembourg. Northern Trust will provide global custody, fund administration, transfer agency, depositary, and company secretarial services for the Storebrand funds in Luxembourg. The UCITS umbrella fund will operate a number of sub-funds, which amongst other things will focus on Storebrand’s ESG and selected SKAGEN value-based investment strategies. Northern Trust will also service a range of alternative asset classes, including private equity and infrastructure assets, by supporting the launch of a Luxembourg reserved alternative investment fund. Storebrand is Norway’s largest independent asset manager with over NOK786bn (c. USD86bn) AuM.
