Eversheds Sutherland has acted for Hermes Investment Management, the GB£35.3 billion manager (as of 30 June, 2018), on a new five-year Investment Operations Outsourcing agreement with Northern Trust.
The global legal practice provided advice on a complete amendment and restatement of the previous arrangement. This included incorporating recent regulatory changes such as the General Data Protection Regulation and ensuring that the agreement was updated to meet the latest market standards for this type of outsourcing.
Headquartered in London, Hermes Investment Management provides a broad range of specialist, active investment strategies and stewardship services to institutional and wholesale clients across the globe. Hermes’ strategies focus not just on financial results, but also on delivering outcomes beyond performance: holistic returns that consider impacts to society, the environment and the wider world.
The Eversheds Sutherland team was led by Partner Simon Gamlin (picture), with support from Principal Associate Rachel Ferguson.
Law Firms: Eversheds Sutherland;
Clients: Hermes Investment Management Limited;