Jarislowsky Fraser has appointed the global fund services unit of Northern Trust to provide global custody, cash management and fund accounting services for the JFL International Equity Fund.
Jarislowsky, Fraser Limited is a Canadian registered investment counseling firm, managing pension funds, pooled funds, endowment funds, and corporate and private portfolios for clients in North America and Europe. Today, the firm manages investment funds worth over C$43.0 billion on behalf of governments, corporations, universities, institutions and trade unions.
“We selected Northern Trust because of their extensive experience and expertise in servicing the complex custody and accounting needs of US unregistered funds,” says Michel Brutti, CFA Eva Piotrowski at Jarislowsky, Fraser Limited.
Northern Trust currently supports 153 fund manager clients in 19 countries, with a combined $240 billion in assets under administration.
“We are very happy to have been selected by Jarislowsky Fraser Limited to support their fund services needs,” says Peter Lambesis, Vice President, Northern Trust Global Fund Services. “This mandate further enhances our reputation in the fund services market, and our ability to meet the complex needs of investment managers and their commingled funds.”