Market Watch – Northern Trust announced today it has successfully migrated the investment operations for Hermes Fund Managers, a leading multi-boutique asset manager offering investment solutions to institutional clients globally, to the Northern Trust platform.
With the migration complete, Northern Trust provides a range of back- and middle-office services for portfolios. Northern Trust provides post-trade operations, fund administration and custody to Hermes, as well as management of over-the-counter property derivatives activities including daily independent valuations for complex IPD (Investment Property Databank) swaps.
