Kieger Group appoints Northern Trust as full service provider for Luxembourg funds 

The appointment of Northern Trust will support Kieger Group’s focus on expanding its range of sustainable funds aligned with ESG criteria.  

By Joe Parsons

Northern Trust has been named by Switzerland-based asset manager Kieger AG to provide a full range of back-office services for their Luxembourg-domiciled funds.  

The mandate will include fund administration, global custody, depositary and currency management services. 

Founded in 2000, Kieger manages several billion euros in fund assets focused on healthcare, sustainability, private equity and multi-asset portfolios aligned with environmental, social and governance (ESG) criteria. 

As ESG plays an increasingly important role in global investor considerations, Kieger is delighted to extend our range of sustainable solutions to assist clients in realising their growth ambitions in line with ESG criteria,” said Matthias Mosler, CEO, Kieger AG.  

“With Northern Trust’s broad range of asset servicing solutions, innovative technology, reporting capabilities and expertise, we have the operational platform and partnership needed to support us in continuing to deliver first-class services to our investors.” 

In March 2019, Northern Trust established its new EU banking headquarters in Luxembourg after re-domiciling its EU bank from the UK to help ensure continuity of the financial institution’s global products and services post-Brexit.  

Its 2017 acquisition of the fund administration servicing units of UBS Asset Management in Switzerland and Luxembourg also helped lay the foundation for its strategic growth in the country. 

“This appointment underscores Northern Trust’s continued commitment to the Luxembourg fund jurisdiction, which is at the heart of our growth strategy for continental Europe. By providing the full combination of asset servicing solutions, including a suite of currency management solutions to help manage and mitigate currency volatility, we are pleased to support Kieger in executing its global growth and distribution strategy,” added Clive Bellows, head of global fund services, EMEA, Northern Trust. 

At the end of last year, Northern Trust was selected by Storebrand Asset Management, Norway’s largest independent asset manager, to provide a full range of asset services for its AIF and UCITS fund domiciled in Luxembourg.