February 20, 2017 / 6:11 AM / 6 months ago

BRIEF-Northern Trust to acquire fund services units of UBS in Luxembourg and Switzerland

Feb 20 (Reuters) - Ubs Group AG

* Northern Trust to acquire fund services units of UBS in Luxembourg and Switzerland

* UBS Group -Entered agreement for Northern Trust to acquire UBS asset management's fund administration servicing units in Luxembourg and Switzerland.

* Goldman Sachs International served as financial advisor to Northern Trust on transaction.

* Transaction is expected to close in second half of 2017

* UBS - Upon completion of deal , Northern Trust will become fund administration services provider for funds with approximately CHF420 billion in assets

Source text for Eikon:

Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below