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Northern Trust Buys BoISS For $82M
Northern Trust has acquired Bank of Ireland Securities Services for $82 million from the Bank of Ireland Group.
Northern Trusthas acquiredBank of Ireland Securities Services(BoISS) for $82 million from theBank of IrelandGroup. Northern Trust’s combined assets under custody and administration in Ireland will increase by about $96 billion through the deal.
The firm will expand its global fund servicing capabilities, particularly in the key areas of fund administration and the support of ETFs. The deal was initially announced in February 2011.
Click here for the release fromBusiness Wire.