Northern Trust Opens Office in Frankfurt
As a result of the new outlet, Northern Trust will begin by providing investment operations outsourcing services for Allianz Global Investors' regional operations. This will expand on a partnership that extends into North America, Europe and the Asia-Pacific region.
A spokesperson for Northern Trust says that they "anticipate[s] growing our asset management and asset servicing businesses in the region from the new Frankfurt office."
To start, 20 people will run the office and it will be headed
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