NORTHERN-TRUST

Largest Pension Fund in Denmark Selects Northern Trust Based on Expertise and Partnership Approach

ATP (Arbejdsmarkedets Tillægspension), the Danish Labour Market Supplementary Pension Scheme and its subsidiaries, has appointed Northern Trust (Nasdaq: NTRS) to provide custody and related services to approximately US$106 billion pension fund assets.

Under the terms of the agreements, Northern Trust will provide custody and collateral management services for the pension fund, ranked the largest in Denmark.

“We appointed Northern Trust based on their ability to deliver a tailored custody and collateral management solution that supports our objective of achieving consistently top rates of operational efficiency,” said Henrik Gade Jepsen, CIO at ATP. “Their established presence and experience supporting pension funds, as well as their global servicing capabilities were key factors in their appointment.”

Listed as a top 20 pension fund globally by the directory “International Pension Funds and their Advisors”, ATP administers a number of schemes under statutory regulation. Its purpose is to pay a lifelong supplementary pension to wage earners in Denmark on the basis of payments from wage earners and employers.

“ATP is one of the largest and most highly-regarded institutional investors in the world and we are delighted to extend our custody and asset servicing solutions to this Danish fund,” said Steven L. Fradkin, President, Corporate and Institutional Services Group at Northern Trust. “By combining our expertise and on the ground presence with our scale as a global custodian and fund administrator, we believe we are well positioned to support the needs of sophisticated institutions such as ATP and look forward to working with them and other Danish clients in the future.”

“Northern Trust works with some of the most sophisticated, premier institutional funds and investment managers in the Nordics,” said Wilson Leech, CEO – Europe, Middle East and Africa (EMEA) at Northern Trust. “Particularly as our clients navigate the evolving regulatory landscape and face an increasingly challenging economic environment, they look to us to not only provide them with high-quality services to support their investment management decision making, but also the ability to partner with them for the long term and adapt with them as their requirements change.”

Northern Trust’s Institutional Investor Group provides custody and related services to around 1000 pension fund clients across the globe, with a greater than 20 percent market share in the pension and insurance sector in each of Denmark, Finland, Norway and Sweden. From its branch office in Stockholm it offers an array of administration and investment solutions for asset owners and asset managers across the Nordic region. It has an experienced local client service team who have long-term relationships helping some of the region’s largest institutional investors manage risk, reduce cost and improve efficiency.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2013, Northern Trust had assets under custody of US$5 trillion, and assets under investment management of US$810.2 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.

© 2013 Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For regulatory information about individual market offices, visit northerntrust.com/disclosures.

The Northern Trust Company, London Branch, Northern Trust Global Services Limited

Northern Trust Global Investments Limited. The following information is provided to comply with Article 9(a) of The Central Bank of the UAE’s Board of Directors Resolution No 57/3/1996 Regarding the Regulation for Representative Offices: Northern Trust Global Services Limited, Abu Dhabi Representative Office. Northern Trust Global Service Limited Luxembourg Branch, 2, rue Albert Borschette, L-1246, Luxembourg

Succursale d’une société de droit étranger RCS B129936. Northern Trust Luxembourg Management Company S.A., 2, rue Albert Borschette, L-1246, Luxembourg

Société anonyme RCS B99167. Northern Trust (Guernsey) Limited (2651)/Northern Trust Fiduciary Services (Guernsey) Limited (29806)/Northern Trust Fiduciary Company (Guernsey) Limited (46534)/Northern Trust International Fund Administration Services (Guernsey) Limited (15532) Registered Office: Trafalgar Court Les Banques, St Peter Port, Guernsey GY1 3DA.

For regulatory information about all our offices and legal entities, visit northerntrust.com/disclosures.

This material is directed to eligible counterparties, institutional investors, expert investors, professional investors and professional clients only and should not be relied upon by retail clients or retail investors.

Contact:

EMEA Contact:
Camilla Greene
+44 (0) 207 982 2176
Camilla_Greene@ntrs.com
US, Canada & APAC Contact :
John O’Connell
+1 312 444 2388
John_O’Connell@ntrs.com

Link:

ClickThru