SWITZERLAND - Northern Trust Global Investments (NTGI) has been awarded the mandate to manage the entire assets of the SFr447m ($270m) British American Tobacco (BAT) Swiss pension fund through its multi-manager structure.

BAT was advised by consultant William M. Mercer in its selection for the global balanced brief.

NTGI says securing the BAT pension fund as a client in Switzerland marks a significant achievement in the group's development.
Gordon Hogarth, head of European marketing and sales, comments:
"We are delighted to have the BAT Swiss pension fund as a client and to have secured our first pension fund account in Switzerland. We continue to grow our business through marketing our broad array of asset management capabilities across Europe and the UK."

The business win follows hard on the heels of last week’s announcement by NTGI that it was forming a joint venture company in Germany with Landesbank Hessen-Thüringen (Helaba), using Helaba's research and institutional asset management companies, to provide investment management services to the German institutional market.



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