SWITZERLAND - Northern Trust Global Investments (NTGI) has been appointed by British American Tobacco (BAT) to manage the pension fund of its Swiss operations.
NTGI's EUR295.3m (US$270m) mandate will be run on a multi-manager basis and is the firm's first mandate win in Switzerland. BAT was advised by William M Mercer.
Securing the Swiss BAT mandate marks a significant achievement in the group’s development, according to Northern Trust. Gordon Hogarth, NTGI's head of European sales and marketing, said: We will continue to grow our business through marketing our asset management capabilities across Europe and the UK.
*NTGI's Swiss mandate win comes shortly after the announcement that the firm is teaming up with Germany's Helaba, Helaba Northern Trust GmbH. The joint venture seeks to combine the expertise of Northern Trust and Helaba and offer institutional investment management services to the German market.
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