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25-Apr-2018 07:28

In February 2017, UBS Group AG and the Northern Trust Corporation, an American international financial services company, announced an agreement for the acquisition of UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland.This acquisition will facilitate the expansion of the Northern Trust Corporation into these two countries, turning the American company into the major fund administrator in the local markets and into one of the ten global leaders in the sector.

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In Switzerland, these services are also offered to retail clients.

The investment teams were merged in 2000 and in 2002 the brands were consolidated to become UBS Global Asset Management.