Chosen by UK Boutique Manager as Single Strategic Provider for Front-to-Back Office Solution
Northern Trust has been appointed by UK asset management boutique Brickwood Asset Management to provide Whole Office asset servicing solutions spanning front, middle and back-office functions.
Brickwood Asset Management is an independent UK-based asset management boutique, which has a dedicated focus on value investing.
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The firm was founded in 2024 by experienced equity fund manager Ben Whitmore, who has a track record spanning more than 30 years, most recently at Jupiter Asset Management. Whitmore is a co-founder of the business alongside partners Claudia Ripley, Dermot Murphy and Kevin Murphy.
Claudia Ripley, chief executive officer at Brickwood Asset Management, said: “Partnering with Northern Trust supports our ambitions to grow our business and scale our distribution. It will help us meet all operational requirements, from digitising our investment process through to supporting our trading, risk management and investor reporting, through a single provider.”
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Solutions to be provided across Brickwood Asset Management’s front-to-back office functions include Northern Trust’s investment data science partnership with Equity Data Science to help it digitise, institutionalise and continually optimise its investment process, as well as outsourced trading via Integrated Trading Solutions and a range of middle office services.
Further core services include fund administration, global custody, client reporting and performance management.
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Laurence Everitt, head of Global Fund Services, UK at Northern Trust, commented:
“The Brickwood Asset Management team’s exceptional track record, ambitious plans and focus on implementing a scalable operating model to accommodate evolution and growth is something we’re really excited about. Our Whole Office strategy brings benefits for our client throughout their investment chain supporting decision-making, speed-to-market, and competitiveness while complementing the team’s core focus on managing money on behalf of its clients.”
Source – PR Newswire
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