LONDON--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today that it has received the IFSC Deal of the Year Award from Finance Dublin for its acquisition of Bank of Ireland Securities Services (BoISS) last year.
The awards recognise the most significant M&A and capital markets transactions and the expertise of Ireland's corporate and capital markets advisers. Winners are selected based on nominations from tax, financial and legal advisers in corporate finance and the capital markets.
“This year’s awards recognise the strength and depth of Ireland’s capital and corporate finance markets,” said Kennedy O’Brien, managing editor of Finance Dublin. “Northern Trust’s deal was groundbreaking and unique in a number of ways and we are delighted to recognise their excellence in deal making.”
Northern Trust announced it had closed its acquisition of BoISS on 1 June 2011. Under the terms of the all cash agreement, Northern Trust paid up to €60 million (approximately US$94 million) to acquire BoISS, increasing its assets under custody and administration in Ireland by about €70 billion (approximately US$110 billion).
“Northern Trust’s acquisition of BoISS was in line with our strategy of growing global fund servicing capabilities, particularly in Ireland – a global fund servicing centre of excellence – and provided us with award winning capabilities in exchange traded fund administration,” said Clive Bellows country head, Northern Trust in Ireland. “We are delighted to receive this award in recognition of this landmark deal underlining our commitment to the Irish financial services industry.”
Northern Trust has had a presence in Ireland since 1989 and has actively participated in the development of Ireland’s International Financial Services Centre. From its offices in Dublin and Limerick it provides custody and fund administration services to organisations such as leading alternative, multi-manager and traditional investment managers, pension funds, multi-nationals, insurance companies and not-for-profit organisations. Northern Trust’s Irish operations employ more than 800 people and administer US$216.2 billion1 on behalf of clients across the globe.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2012, Northern Trust had assets under custody of US$4.6 trillion, and assets under investment management of US$716.5 billion. For more than 120 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 or follow us on Twitter @NorthernTrust.
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Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission. Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission. Northern Trust International Fund Administration Services (Ireland) Limited, Northern Trust Securities Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland. Northern Trust Global Services Limited has a Luxembourg Branch, which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Global Investments Limited has a Netherlands branch, which is authorised by the Financial Services Authority and subject to regulation in the Netherlands by the Autoriteit Financiële Markten. Northern Trust Global Services Limited has a Netherlands Branch, which is authorised and regulated in the Netherlands by De Nederlandsche Bank. Northern Trust Global Investments Limited has a Sweden branch, which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen. Northern Trust Global Services Ltd (UK) Sweden Filial is authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen. Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office. Our registered office is authorised and regulated by the Central Bank of the United Arab Emirates. The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority. The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission. The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong Securities and Futures Commission. Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency. The Northern Trust Company has a Singapore Branch, which is a foreign wholesale bank regulated by the Monetary Authority of Singapore. The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch, which is an authorised foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorised trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.
IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. For more information about this notice, see http://www.northerntrust.com/circular230.
1 As reported in the 2011-2012 Lipper Ireland Fund Encyclopaedia