Woodford Investment Management has selected Northern Trust to provide a full suite of investment operations outsourcing services for its newly launched CF Woodford Equity Income fund.

The range of investment operations offered include depositary services, client reporting, custody, fund accounting and transfer agency.

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Toby Glaysher, head of Northern Trust’s Global Fund Services business in Europe, Middle East and Africa, said: "We understand our fund managers are looking for solutions that enable them to get to market quickly and effectively and with minimal in-house operational capability, enabling them to focus on the business of managing their clients’ money."

Craig Newman, CEO of Woodford Investment Management, said: "It not only worked closely with us to provide a complete solution for our middle and back office requirements, but it also provided valuable support for our fund distribution capabilities, including our relationships with dealing platforms."

Northern Trust provides investment operations outsourcing and depositary services to investment managers across the globe and across range of asset classes.

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