Northern Trust [profile] has a new client.

The New York-based investment boutique Williams Capital Management has hired Northern for mutual fund services such as custody, fund administration and accounting, transfer agency, among others.

"Northern Trust demonstrates a level of expertise, passion and commitment to its clients that stands out in this industry," stated Christopher Williams, President of Williams Capital Management. "Consolidating our fund services on Northern Trust's global platform will allow us to achieve efficiencies and receive strategic support as we continue to grow our mutual fund business."

Williams Capital offers the Williams Capital Government Money Market Fund (distributed by ALPS Distributors, Inc.), as well as cash management and short-term fixed income investment strategies in customized separate accounts.

Here is the press release.

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Company Press Release

Williams Capital Appoints Northern Trust for Mutual Fund Services

Northern Trust to Provide Fund Administration and Accounting, Transfer Agency and other Services
CHICAGO--Northern Trust has been selected by Williams Capital Management, LLC, to provide custody, fund administration and accounting, transfer agency and other services to the firm's mutual funds.

Williams Capital Management offers the Williams Capital Government Money Market Fund, as well as cash management and short-term fixed income investment strategies in customized separate accounts. Established in 2002, Williams Capital Management is an SEC-registered investment advisor and a wholly-owned subsidiary of The Williams Capital Group, L.P.

"Northern Trust demonstrates a level of expertise, passion and commitment to its clients that stands out in this industry," said Christopher Williams, President of Williams Capital Management. "Consolidating our fund services on Northern Trust's global platform will allow us to achieve efficiencies and receive strategic support as we continue to grow our mutual fund business."

The appointment for mutual fund services extends a long-term strategic relationship between Northern Trust and the asset manager's parent company, The Williams Capital Group, L.P., which pertains to investment banking services.

"This opportunity represents a deepening of a good relationship with Williams Capital, and we look forward to providing a full array of services for their mutual funds," said Dan Houlihan, Head of Global Fund Services in the Americas for Northern Trust. "As a global player, Northern Trust makes sense to asset managers looking for a single strategic platform to advance their business across domiciles and products. We also fit very well with those looking for a knowledgeable and supportive partner to help them grow."

Northern Trust's Global Fund Services unit provides custody, fund administration and investment operations outsourcing solutions to more than 450 asset managers across the globe. For more than 30 years, clients have recognized Northern Trust as a leader in global fund administration.

About Northern Trust

Northern Trust Corporation (NAS: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 17 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2013, Northern Trust had assets under custody of US$5.0 trillion, and assets under investment management of US$803 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visitwww.northerntrust.com or follow us on Twitter @NorthernTrust.

 

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