Newly established investment manager, Woodford Investment Management, has appointed Northern Trust to provide a full suite of investment operations outsourcing services.
 
This will include depositary services, client reporting, custody, fund accounting and transfer agency for its assets under management, including the CF Woodford equity income fund. 

"We understand our fund managers are looking for solutions that enable them to get to market quickly and effectively and with minimal in-house operational capability, enabling them to focus on the business of managing their clients' money," said Toby Glaysher, head of Northern Trust's global fund services business in Europe, Middle East and Africa. 

"Northern Trust not only worked closely with us to provide a complete solution for our middle and back office requirements, but it also provided valuable support for our fund distribution capabilities, including our relationships with dealing platforms," said Craig Newman, chief executive, Woodford Investment Management.

Northern Trust announced in 2013 it was expanding its depositary services capabilities across multiple fund types, asset classes, fund locations and investment strategies to support the increasing demands from clients for help in ensuring regulatory compliance.