Sands Capital Management selects Northern Trust
December 1, 2020

Northern Trust has today announced it has been selected by Sands Capital Management to provide fund administration, transfer agency, depositary and global custody services to its Ireland-domiciled Undertakings for Collective Investment in Transferable Securities (UCITS) umbrella fund.

The appointment sees Sands Capital consolidate provision of all asset servicing functions for Sands Capital Funds Plc to Northern Trust.

Dana McNamara, chief administrative officer at Sands Capital said: "We are consolidating service provision to streamline our operating model and create efficiencies across our fund operations. In Northern Trust, Sands Capital has appointed an asset servicing partner with the scale, experience and technology to support the significant growth of our funds and help us continue to deliver a premium-level service to our investors as we grow."

Northern Trust's existing relationship with Sands Capital includes providing asset servicing solutions for its unregistered funds domiciled in the US. Sands Capital's US$6 billion UCITS umbrella fund, Sands Capital Funds Plc, currently operates four sub-funds delivering equity investment strategies focused on global, US and emerging markets.





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Northern Trust has today announced it has been selected by Sands Capital Management to provide fund administration, transfer agency, depositary and global custody services to its Ireland-domiciled Undertakings for Collective Investment in Transferable Securities (UCITS) umbrella fund.

The appointment sees Sands Capital consolidate provision of all asset servicing functions for Sands Capital Funds Plc to Northern Trust.

Dana McNamara, chief administrative officer at Sands Capital said: "We are consolidating service provision to streamline our operating model and create efficiencies across our fund operations. In Northern Trust, Sands Capital has appointed an asset servicing partner with the scale, experience and technology to support the significant growth of our funds and help us continue to deliver a premium-level service to our investors as we grow."

Northern Trust's existing relationship with Sands Capital includes providing asset servicing solutions for its unregistered funds domiciled in the US. Sands Capital's US$6 billion UCITS umbrella fund, Sands Capital Funds Plc, currently operates four sub-funds delivering equity investment strategies focused on global, US and emerging markets.



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