Northern Trust asset arm wins French mandate

FRANCE/LUXEMBOURG – Northern Trust’s asset management arm, Northern Trust Global Investments, has won its first mandate in the French market.

Groupama, French insurer, has appointed Northern Trust Global Investments (NTGI) as advisor for US equity mandates for its asset management arm, Groupama Asset Management in Paris.

Northern Trust Investment Inc. will advise on the mandates which total 300 million dollars in large cap and mid cap assets at present, although this figure is expected to grow as money continues to flow in.

Steve Potter, president of Northern Trust Global Investments explains that, in its role, NTGI will be “leveraging research from the US equities portfolio”. John Leo in the US is heading up the US equity portfolio management team.

Vincent Zeller, chief investment officer of Groupama Asset Management put NTGI’s win down to its “skill and professionalism”.

Northern Trust’s investment subsidiary manages around 300 billion dollars worldwide. Other European financial organisations with which it has partnerships are Helaba Invest KAG in Germany and Mediolanum in Italy.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2563

    Asset class: Mid & Small Cap Equities.
    Asset region: Global.
    Size: USD $130m.
    Closing date: 2019-09-27.

  • QN-2564

    Asset class: Large Cap Growth Equities.
    Asset region: Global Developed Markets.
    Size: USD $130m.
    Closing date: 2019-10-04.

  • DS-2567

    Closing date: 2019-10-02.

  • QN-2569

    Asset class: Local Currency Bonds.
    Asset region: Global Emerging Markets.
    Size: $500m.
    Closing date: 2019-10-10.

Begin Your Search Here