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Investment Products and Service Launches

Reliance Trust Company Partners with Northern Trust and Wilshire Launches ESG Intermediate Credit Index

By Javier Simon editors@strategic-i.com | August 31, 2017
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Reliance Trust Company Partners with Northern Trust

Northern Trust has been selected by Reliance Trust Company to provide back-office support including custody, fund accounting, and transfer agent services for a collective investment trust (CIT) subadvised by Driehaus Capital Management.

Northern Trust’s Global Fund Services unit provides fund administration, global custody, and investment operation outsourcing solutions to more than 650 asset managers across the globe. It has experience in traditional and alternative investment vehicles.

“We are excited to be working closely with both Reliance Trust and Driehaus Capital Management to support this CIT fund for qualified retirement plans,” said Dan Houlihan, head of Global Fund Services in North America. “Our strong back-office service, expertise and technology, combined with Reliance Trust’s ERISA experience, bring together two parties with exceptional financial strength on behalf of asset managers like Driehaus Capital Management.”

Tom Seftenberg, managing director at Driehaus Capital Management, adds, “Reliance Trust and Northern Trust were selected as our CIT distribution platform based on their joint dedication to understanding our business and strategic goals through innovation and proactive engagement. Northern Trust’s culture of client service excellence and Reliance Trust’s commitment to oversight dovetail nicely with our investment responsibilities and distribution efforts.”

NEXT: Wilshire Launches ESG Intermediate Credit Index