Woodford Investment Management Appoints Northern Trust

Full Suite of Investment Operations Outsourcing Provided for Newly Launched Equity Income Fund

LONDON--()--Newly established investment manager, Woodford Investment Management LLP (Woodford), has appointed Northern Trust (Nasdaq: NTRS) to provide a full suite of investment operations outsourcing services, including depositary services, client reporting, custody, fund accounting and transfer agency for its assets under management, including the CF Woodford Equity Income fund.

“We are delighted to support the launch of Woodford’s new equity fund and design a complete end to end full framework that supports their objectives for the highest quality investor servicing,” said Toby Glaysher, head of Northern Trust’s Global Fund Services business in Europe, Middle East and Africa. “We understand our fund managers are looking for solutions that enable them to get to market quickly and effectively and with minimal in-house operational capability, enabling them to focus on the business of managing their clients’ money.”

Northern Trust provides full and component outsourcing services to some of the world’s most sophisticated and successful asset managers, both established and newly established. In late 2013, it announced it was expanding its depositary services capabilities across multiple fund types, asset classes, fund locations and investment strategies to support the increasing demands from clients for help in ensuring regulatory compliance.

“Northern Trust has been a critical enabler of our successful launch and is a highly-valued supporter of our business,” said Craig Newman, chief executive, Woodford Investment Management. “It not only worked closely with us to provide a complete solution for our middle and back office requirements, but it also provided valuable support for our fund distribution capabilities, including our relationships with dealing platforms.”

Northern Trust’s Global Fund Services business provides custody, fund administration, investment operations outsourcing and depositary services to investment managers across the globe and across the spectrum of asset classes.

About Northern Trust

Northern Trust Corporation 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 19 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2014, Northern Trust had assets under custody of US$6 trillion, and assets under investment management of US$924.4 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

Contacts

Northern Trust
Europe, Middle East, Africa & Asia-Pacific Contact:
Nicola Murray
+44 (0) 207 982 2162
Nicola_Murray@ntrs.com
or
US & Canada Contact:
Tim Hacker
+1 312 557 6090
Tim_Hacker@ntrs.com

Contacts

Northern Trust
Europe, Middle East, Africa & Asia-Pacific Contact:
Nicola Murray
+44 (0) 207 982 2162
Nicola_Murray@ntrs.com
or
US & Canada Contact:
Tim Hacker
+1 312 557 6090
Tim_Hacker@ntrs.com