Northern Trust Appointed by €22bn Asset Manager Fundsmith to Provide Asset Servicing Solutions to Smithson Investment Trust

Northern Trust (Nasdaq: NTRS) today announces it has been appointed by
UK investment manager Fundsmith to provide fund administration,
depositary, global custody and associated services to support Smithson
Investment Trust
a?? the largest UK-listed investment trust ever
launched. The fund raised a record A?822 million at flotation in October
last year (according to Financial Times, 17 October, 2018).

Across its fund range Fundsmith is also using Integrated
Trading Solutions
a?? Northern Trusta??s outsourced trading
capability that combines worldwide trading expertise in equities and
fixed income with access to global markets, extensive trading locations,
high-quality liquidity and an integrated middle and back office service.

Simon Godwin, chief financial officer at Fundsmith, comments:
"Appointing Northern Trust means we have an asset servicing partner with
the global capabilities, scale and track record required to support
Smithson Investment Trusta??s operations and future growth. In addition,
outsourcing trading activities across our funds to a trusted and expert
provider supports Fundsmitha??s focus on delivering first-class investment
analysis, portfolio management and customer care.a??

Guy Gibson, global head of Institutional Brokerage at Northern Trust
Capital Markets
comments:A "By delivering global trade execution,
matching, and compliance reporting through Integrated Trading Solutions,
Northern Trust is actively supporting our clienta??s commitment to
delivering value and cost-efficiencies for investors. Our trade
execution middle office solution is helping the Fundsmith team free-up
capital and resources, while allowing them to exercise the high levels
of oversight and governance that they and their investors demand.a??
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