Press Release - December 1, 2014
The Scottish Investment Trust PLC has appointed Northern Trust (Nasdaq: NTRS) to provide global custody and depositary services.
Based in Edinburgh and valued at US$1.4bn in assets, The Scottish Investment Trust PLC is one of the UK's oldest investment trusts. Its aim is to provide investors, over the longer term, with above-average returns through a diversified portfolio of international equities and to achieve dividend growth ahead of UK inflation.
“We appointed Northern Trust in response to the demands of the changing regulatory environment,” said Steven Hay, company secretary at The Scottish Investment Trust PLC. “Northern Trust’s 125 year reputation for service combined with the quality and experience of management within its UK depositary business, were key factors in our decision to work with them.”
“We are pleased to support The Scottish Investment Trust PLC to help them meet their new regulatory requirements,” said John Cargill, head of Depositary Services for Europe, Middle East and Africa at Northern Trust. “As the industry continues to evolve in response to ongoing regulatory change we understand there is an increasing demand for transparency and work closely with all our clients to ensure they receive the highest level of fiduciary oversight.”
In addition to custody, trustee and depositary services Northern Trust also offers fund administration, investment operations outsourcing, and ETF solutions to investment managers across the globe and across a full spectrum of asset classes.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. Chicago-based Northern Trust has offices in 19 states, Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2014, Northern Trust had assets under custody of US$5.9 trillion, and assets under investment management of US$923.3 billion. For 125 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com and follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures