Northern Trust selected by US investment firm to help European expansion

The custodian will provide fund administration and depositary services for CCA's new Irish Collective Asset-Management Vehicle (ICAV). 

By Joe Parsons

Northern Trust has been appointed by Corry Capital Advisors (CCA), a US specialist alternatives investment manager, to support its expansion into Europe and distribution of longevity-based life settlement strategies. 

The custodian will provide fund administration and depositary services for CCA’s new Irish Life Settlements Irish Collective Asset-Management Vehicle (ICAV). 

“We are delighted to partner with Northern Trust to support our European distribution goals and this extension of our investment fund strategies. Having confirmed our asset servicing partnerships for our latest fund, we now have the infrastructure and networks in place to underpin this next phase of our growth,” said William Corry, founder and general manager, CCA. 

Northern Trust has won a number of key mandates in Ireland so far in 2019, including a fund services mandate for a newly launched sustainable fund by Osmosis Investment Management, and an asset servicing and trading solutions deal with AD Global Investors for the launch of four new UCITS funds.

“Institutions are increasingly looking to alternative assets as a source of diversification and growth – and Northern Trust is perfectly placed to support managers with the flexibility and capability they need to service any asset class across multiple investment strategies,” added Clive Bellows, head of global fund services, Europe, Middle East and Africa, Northern Trust.