Northern Trust to provide services for Luxembourg-based tax-efficient funds.
BANKING AND CREDIT NEWS-April 29, 2013-Northern Trust to provide services for Luxembourg-based tax-efficient funds(C)2013 M2 COMMUNICATIONS http://www.m2.com
29 April 2013 -- Northern Trust (NASDAQ: NTRS) has been appointed by William Blair & company, L.L.C., to support its Luxembourg-domiciled Fonds Commun de Placement (FCP).
The William Blair FCP provides a tax-efficient fund vehicle aimed at benefiting non-US based investors.
Northern Trust will provide global custody, fund administration, investor-level tax withholding and management company services for the FCP, a tax-transparent entity established in Luxembourg through which investors may qualify for reduced withholding tax rates on equity dividends. William Blair selected Northern Trust for its expertise in developing and supporting contractual funds that optimize tax transparency and reduce withholding tax drag.
William Blair & Company is a global financial services firm. For more information, visit williamblair.com.
Northern Trust is a provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. For more information, visit www.northerntrust.com
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Apr 29, 2013|
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