Osmosis Investment Management Netherlands has appointed Northern Trust to take on several middle-office functions, including investment operations outsourcing, collateral management and currency management. The information comes from an announcement issued by Northern Trust.
Osmosis NL, the Netherlands-based affiliate of Osmosis Investment Management in the UK, focuses on sustainable fixed-income strategies within the wider Osmosis brand. As the Dutch entity builds out its operating model, it is turning to an external partner for day-to-day post-trade and operational processes.
Expanding European footprint
For Northern Trust, the mandate adds to its middle-office footprint in Europe. The bank emphasised the need for scalable infrastructure as asset managers deal with increasingly complex operational flows.
Alongside the middle-office duties, Northern Trust will provide fund administration, global custody and data solutions. Its automated currency management services, offered through the bank’s Global Foreign Exchange business, will also be part of the package.
