The Luxembourg Alternative Administrators Association (L3A) is pleased to welcome Northern Trust Global Services SE as a new Full Member.
Read this short interview of Olivier Noël, CEO.
1° Can you outline the history and activity of your company in a few words?
For 20+ years, Northern Trust in Luxembourg has provided investment managers with asset servicing solutions for their fund opportunities. Today, we support all asset classes across both private and public markets.
We are part of a Chicago-headquartered banking corporation, providing asset servicing, asset management and wealth management solutions to institutions, funds, family offices and individuals. Our Luxembourg business complements our presence in eight European countries and 26 global locations.
2° You have recently decided to join L3A - what are the key reasons behind this?
Joining L3A aligns with Northern Trust’s objectives of working with stakeholders to positively shape the future of Luxembourg’s funds industry, and to help develop its fund toolkit and resiliency for our collective benefit.
We aim to be active members in helping address the technical and other challenges associated with investors’ use of specialist funds for alternative investing. We are also excited at the learning, networking, and training opportunities for our 400+ members of staff in Luxembourg.
3° What do you believe you can offer to L3A and the alternative administrator provider ecosystem?
As an asset servicing provider focused on offering solutions for complex investment structures, including private equity, hedge funds and real estate assets, we are well-positioned to contribute to developing Luxembourg’s infrastructure in support of the alternatives industry.
With private market investments becoming increasingly mainstream within the Luxembourg funds industry, we look forward to working with L3A members to share ideas for capitalizing on potential opportunities for innovation and sustainable growth.
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