Northern Trust has expanded its collaboration with Invesco through a new asset servicing mandate. Under the agreement, Northern Trust will provide administration, custody, and depositary services for Invesco Markets V ICAV. Moreover, the Northern Trust appointment supports the launch of Invesco’s new Irish-domiciled index-tracking mutual fund range for European investors.
The latest mandate reflects the continued relationship between the two financial institutions. Furthermore, it strengthens Northern Trust’s role in supporting Invesco’s expanding investment product portfolio.
Invesco is a leading U.S. asset management company serving clients in more than 120 countries. The firm is headquartered in Atlanta, Georgia, and manages US$2.45 trillion in assets. Its investment capabilities span public and private markets, alongside active and passive investment strategies. The reported assets under management are current as of 31 May 2026.
The newly introduced Invesco Markets V ICAV enables European mutual fund investors to access the company’s swap-based, or synthetic, index replication model. Previously, this investment approach was available only through Invesco’s exchange-traded funds (ETFs). As a result, the expanded structure creates additional opportunities for institutional investors seeking diversified index exposure through mutual funds.
Expanded Partnership Strengthens Asset Servicing Capabilities
The appointment further extends Northern Trust’s existing relationship with Invesco. Previously, Northern Trust supported the firm’s synthetic ETF platform, Invesco Markets Plc. Additionally, it provides administration services for Invesco Digital Markets Plc, the company’s digital assets platform. Therefore, the new mandate builds on an established partnership across multiple investment products.
Commenting on the appointment, Melíosa O’Caoimh, country head, Ireland, at Northern Trust, said: “This appointment reflects the strength of our long-standing collaboration with Invesco and our ability to support its evolving product structures. For this new range, we have delivered a scalable end-to-end solution – an operating model that integrates with Invesco’s mutual fund investor servicing infrastructure while establishing connectivity to a network of investor platforms – closely supporting its distribution plans and growth strategy.”
In addition, Gary Buxton, head of Product, EMEA at Invesco, said: “As we continue to expand our product offering to meet evolving investor requirements, we want to work with service providers able to support innovative structures at scale. Northern Trust’s experience supporting the evolution and growth of our platform, coupled with its track record of consistent service quality, were key to its selection as asset servicing provider for Invesco Markets V ICAV.”
Northern Trust delivers a comprehensive suite of asset servicing solutions for global investment managers. These services include fund administration, global custody, investment operations outsourcing, and data solutions. Consequently, the company supports a broad range of investment strategies across multiple asset classes while helping investment managers scale complex financial products efficiently.
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News Source: Businesswire.com
