EUROPE- Northern Trust is to launch global passive equity, enhanced equity and passive fixed income capabilities to the European marketplace following the completion of its acquisition of Deutsche Bank's global passive and enhanced passive capabilities announced in September last year and completed at the end of January.
“Northern Trust globally has offered passive capabilities for many years but the addition of the Deutsche Bank team gives us significant scale in a number of asset classes and puts us into the top three institutional index managers worldwide,” said Steve Potter, president of Northern Trust Global Investment (Europe).
“In Europe, we see particular opportunities in enhanced passive products and will be able to offer a full range of regional and global capabilities in addition to our existing range of active equity and fixed income products.”
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