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Northern Trust Acquires Ulster Bank Investment Services from Ulster Bank Group.
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PR Newswire
- Article date:
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May 15, 2000
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Copyright informationCOPYRIGHT 2000 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, May 15 /PRNewswire/ --
Northern Trust announced today that it has completed its acquisition of Ulster Bank Investment Services ("UBIS"), the IFSC (International Financial Services Centre) licensed custody and fund administration subsidiaries of Ulster Bank Group. The contract for the sale was signed on March 6, 2000.
Rick Wills, Managing Director of the newly formed Northern Trust (Ireland) Ltd., commented, "Northern Trust is delighted to have completed the acquisition and be a member of the Dublin market. This capabilities-based acquisition is an integral step in Northern Trust's international business strategy. It expands our current global custody ...
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