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Storebrand AM executes next step in its European fund conquest

The Norwegian asset manager has picked US-based Northern Trust to provide services for its Luxembourg platform.

Storebrand Asset Management CEO, Jan Erik Saugestad. Photo: Søren Top

Storebrand Asset Management has selected Northern Trust as asset servicing provider for its Luxembourg-based fund range. This includes global custody, fund administration, transfer agency, depositary, and company secretarial services, according to a press statement.

Storebrand AM's UCITS umbrella fund will operate a number of sub-funds, which will focus on selected ESG and SKAGEN value-based investment strategies, among other things.

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