Guernsey wealth manager picks Northern Trust as custodian

Guernsey wealth manager picks Northern Trust as custodian

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Offshore wealth manager Peregrine Guernsey has appointed Northern Trust to provide global custody and fund administration services.

The mandate covers over $725m worth of assets managed by Peregrine, a Citidel Investment Group subsidiary operating as an investment manager for high net worth individuals and trusts.

A statement said Northern Trust had been chosen because of the banks’ capabilities to support “core requirements and future development plans.”

Northern Trust is currently the largest administrator and custodian in Guernsey.

“We are delighted to be appointed by Peregrine Guernsey Limited,” said Belinda Burgess, head of Northern Trust in the Channel Islands.

“Guernsey is a top-tier international finance centre that benefits from a robust regulatory and compliance regime," she added. 

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