UBS to transfer former Credit Suisse fund administration businesses to Northern Trust
UBS•UBS will transfer former Credit Suisse fund administration businesses to Northern Trust and extend its fund administration agreement to include UBS-serviced funds. The transaction is expected to close in the second quarter of 2027, and UBS will migrate services over two years before exiting the business.
1. Transfer planned
UBS will transfer former Credit Suisse fund administration businesses to Northern Trust and extend its fund administration agreement to include UBS-serviced funds. The transaction is expected to close in the second quarter of 2027.
2. Two-year migration
UBS plans to migrate fund administration services to Northern Trust over two years and exit the fund administration business. It also plans to simplify its Luxembourg management company operating model to focus on in-house funds.
