Northern Trust has been appointed to provide fund accounting, transfer agency and global custody services to Fundsmith’s Luxembourg-domiciled umbrella, Fundsmith SICAV. Fundsmith SICAV was launched in 2011 and currently has EUR6.4bn (USD7.6bn) AuM. At launch, State Street/IFDS were appointed to provide fund administration, custody and TA to the fund.
Headquartered in the UK, Fundsmith has more than GBP33bn (USD45bn) AuM. In addition to its Luxembourg SICAV, Northern Trust acts as the fund administrator and global custodian to several of Fundsmith’s UK and US-based funds. Fundsmith also uses Integrated Trading Solutions, Northern Trust’s outsourced trading capability.