UBS to Transfer Former Credit Suisse Fund Administration Businesses in Switzerland and Luxembourg to Northern Trust
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UBS Exits Fund Administration Unit Inherited From Credit ...
UBS to Exit Fund Administration Through Expanded Northern Trust Deal
UBS will exit fund administration and hand the business to Northern Trust, building on a long-standing tie between the two firms. The plan still needs approval from regulators. Under the new agreements, UBS’s Swiss and Luxembourg management companies will extend their current fund administration contract with Northern Trust. It will now cover funds whose administration [...] The post UBS to Exit Fund Administration Through Expanded Northern Trus…
The transaction will close in the second quarter of 2027.
Grossbank UBS transfers Credit Suisse's former fund administration operations in Switzerland and Luxembourg to Northern Trust, thereby expanding its cooperation with the US financial services provider.
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