Northern Trust (Nasdaq: NTRS) announced today that it has been named Best European ETF Administrator at the ETFexpress Global Awards, 2012. The awards, presented yesterday in London, were based on more than 2000 ETF Express readers' nominations who voted for the companies they believed to be “best in class”.
“We launched the ETFexpress Global Awards in 2010 as a means of showcasing and recognising companies’ contributions to the ETF industry,” said Sunil Gopalan, editorial director and publisher of Global Fund Media. “On behalf of all our readers who put forward nominations, we are delighted to name Northern Trust Best European ETF Administrator.”
This latest award adds to Northern Trust’s existing accolades for its ETF administration services, including maintaining the title for Best European ETF Service Provider for four years, from Global ETF AWARDS®.
“We are delighted to receive this award which reflects the depth and experience we have in offering exchange traded funds (ETF) administration solutions,” said Liam Butler, Managing Director of Northern Trust Securities Services (Ireland) Limited, who heads Northern Trust’s ETF administration operations. “Receiving an award based on reader nomination underpins our commitment to offering innovative servicing solutions that cater to our clients across Europe.”
Northern Trust's global funds services group has been providing award winning fund administration solutions for European ETFs for more than 10 years. It supports physical, synthetic and hybrid ETF models, including both cash and in-specie dealing methodologies for a broad range of global assets, including equities, fixed income, real estate, infrastructure, listed private equity, regional and sector specific ETFs. Earlier this year, Northern Trust announced it had been selected to provide ETF administration services to the LGIM Commodity Composite Source ETF, launched by leading ETF provider, Source.