Northern Trust and Standard Bank have partnered to offer a joint transition management service across Southern Africa.
Under the partnership, Standard Bank’s clients will gain access to Northern Trust’s full suite of transition management services.
“With heightened market volatility, the risks associated with portfolio restructuring increases,” says Craig Blackbourn, head of transition management for EMEA and Asia-Pacific, Northern Trust.
“We look forward to partnering with Standard Bank and their clients, to create cost-effective strategies, supplemented with robust project management, to help mitigate these risks.”
Transition management is the process of efficiently shifting from one asset manager or investment strategy to another in a manner that mitigates risks and supports expense management.
Northern Trust has offered the service institutional asset owners and asset managers for over 30 years, managing the complexity attached to high volume asset transitions and supporting protection of the economic value of the portfolio.
“By partnering with a global leader in this space, Standard Bank is further enhancing its transition management offering and strengthening its overall investor services business,” said Charl Bruyns, head of investor services and financial institutions, Standard Bank Group.
“Transition management has become an increasingly complex undertaking in recent years, given that more investment managers, stakeholders and strategies are involved in the process. Northern Trust’s proven capabilities in this space will allow us to better service our clients as they restructure their assets.”