UBS expands fund administration tie-up with Northern Trust
NTRS•Northern Trust will take over additional UBS-serviced funds, including former Credit Suisse traditional and alternatives fund administration operations in Luxembourg and Switzerland. Closing is expected in the second quarter of 2027, subject to regulatory approvals, and UBS plans to exit fund administration.
1. Expanded mandate
UBS will transfer the former Credit Suisse fund administration operations to Northern Trust under an extended mandate. The service migration is set to run in phases over two years, with closing expected in the second quarter of 2027, subject to regulatory approvals.
