Northern Trust Records Growth in Transition Management

Northern Trust’s has recorded volume growth of more than 50% in its global transition management business over the last five years.

The Northern Trust says the growth reflects the strategic importance of transition management at the custodian bank as well as the market’s response to its transparent, client-centric approach.

“Northern Trust’s core focus has long been asset servicing and asset management, and our transition management team serves as a very effective bridge between the two,” says Steven Fradkin, president, Corporate & Institutional Services. “We remain committed to the global transition management business, reflecting its role as an integral service. Our focus remains centered on adding value to our clients by providing unique and innovative solutions to meet the evolving demands of the market.”

Northern Trust utilizes the trading and operations expertise of a global team to implement client asset restructures.