Peregrine Guernsey Limited Appoints Northern Trust for Global Custody and Fund Administration

Peregrine Guernsey Limited has appointed Northern Trust (Nasdaq:NTRS) to provide global custody and fund administration services for approximately US$725 million in assets.

Peregrine Guernsey Limited is a subsidiary of a leading private client wealth management business in South Africa, the Citadel Investment Group*, and manages the group’s offshore funds in Guernsey.

"We appointed Northern Trust based on their expertise and understanding of our unique business needs,” said Hennie Esterhuizen, managing director of Peregrine Guernsey Limited. "As Guernsey’s largest fund administrator and custodian, it distinguished itself with its capabilities to support our core requirements and future development plans.”

The funds will be administered from Northern Trust’s Guernsey office and add to its growing client base in the Channel Islands where Northern Trust provides a range of fund administration solutions, banking, global custody, depositary, credit and fiduciary services.

"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 and we are pleased to offer a solution to help Peregrine Guernsey Limited achieve their objectives as its servicing provider in Guernsey and look forward to developing our mutual strategic goals in the future.”

Northern Trust’s Global Fund Services business provides custody, fund administration, investment operations outsourcing and depositary services to investment managers across the globe and across the spectrum of asset classes.

*Citadel Investment Group is not related to Citadel, the Chicago-based financial firm.

About Northern Trust

Northern Trust Corporation (Nasdaq:NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2015, Northern Trust had assets under custody of US$6.1 trillion, and assets under management of US$875 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures.

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