CHICAGO The asset management arm of Northern Trust Corp. will market its investment products in Europe.
Northern Trust Global Investments announced last week that it will offer pension products and active, passive, and multi-manager funds in Europe. The bank will open Northern Trust Global Investment Europe to gather assets from pension funds in the Netherlands, Scandinavia, and Switzerland.
Gordon Hogarth, Northern Trusts vice president of marketing, said the bank hopes to eventually transfer its U.S. corporate bond market to European debt products.
Assets will be managed by Northern Trusts London-based investment management division which manages $2.72 billion in British pension funds.