• Northern Trust expanded its fund administration collaboration with UBS, taking over additional UBS-serviced investment funds under an extended mandate.
• UBS will transfer former Credit Suisse traditional and alternatives fund administration operations in Luxembourg and Switzerland to Northern Trust.
• Closing is expected in 2Q 2027, subject to regulatory approvals; UBS plans to exit the fund administration business.
• Service migration is set to run in phases over two years.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northern Trust Corporation published the original content used to generate this news brief on October 06, 2026, and is solely responsible for the information contained therein.