Vontobel Asset Management, the New York investment management unit of Switzerland's Vontobel Holding AG, has outsourced its back-office investment operations to Northern Trust Corp. of Chicago.
Northern Trust will support Vontobel's investment management business by providing post-trade execution support, trade processing and settlement, data management, reconciliation, portfolio accounting, client valuations and reporting, foreign exchange, post-trade compliance services, performance measurement, and composite management.
Vontobel, announced the deal Tuesday, runs all-cap equity portfolios invested in undervalued sustainable growth companies for institutional investors. It has several equity strategies: U.S. value, global, European, emerging markets, and Asia except Japan.
Northern Trust had $3.8 trillion of assets under custody and $756 billion of assets u nder management as of March 31.
