Northern Trust Global Investments (“NTGI”) Limited, the ex-US asset management arm of Chicago-based Northern Trust Corporation, has been selected by Mediolanum Asset Management Ltd., the Irish asset management company of Mediolanum Banking Group, to manage EUR1.2 billion in four new international equity accounts.
This new mandate is in addition to the EUR650 million that NTGI already manages on behalf of Mediolanum Asset Management Ltd.
Gordon Hogarth, head of European Sales and Marketing at NTGI said, “Expanding our continental European client base with institutions such as Mediolanum Banking Group remains an important part of our business strategy. NTGI provides an array of investment products which ranges from securities lending and transition management, to passive and enhanced indexation, and on to active and manager-of-managers asset management. We are also able to combine our investment expertise with Northern Trust’s asset servicing capabilities to provide total solutions and we believe that this will continue to enhance our proposition for institutional investors.”