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UBSG — UBS AG News Story

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Brief: UBS To Transfer Former Credit Suisse Fund Administration Businesses To Northern Trust

BRIEF-UBS To Transfer Former Credit Suisse Fund Administration Businesses To Northern Trust

- UBS GROUP AG UBSG.S:

  • TO TRANSFER FORMER CREDIT SUISSE FUND ADMINISTRATION BUSINESSES TO NORTHERN TRUST

  • EXTENDS FUND ADMINISTRATION AGREEMENT WITH NORTHERN TRUST TO INCLUDE UBS-SERVICED FUNDS

  • TRANSACTION IS EXPECTED TO CLOSE IN 2Q 2027, AND UBS WILL EXIT THE FUND ADMINISTRATION BUSINESS

  • TO MIGRATE FUND ADMINISTRATION SERVICES TO NORTHERN TRUST OVER TWO YEARS

  • TO SIMPLIFY LUXEMBOURG MANAGEMENT COMPANY OPERATING MODEL TO FOCUS ON IN-HOUSE FUNDS

Further company coverage: UBSG.S


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 587785269;))

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