Northern Trust announced Thursday it reached an agreement to buy the fund administration, investment operations outsourcing and custody business of the Bank of Ireland Group, Bank of Ireland Securities Services. 

Northern Trust is expected to pay up to $82 million to for the business. The deal is expected to close in the second quarter. When it closes, Northern Trust’s combined assets under custody and administration in Ireland will increase by approximately $96 billion.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access