Northern Trust Chosen For Guernsey Fund Administration Mandate

Peregrine Guernsey Limited has appointed Northern Trust to provide global custody and fund administration services for approximately US$725 million in assets.

Peregrine Guernsey Limited is a subsidiary of a leading private client wealth management business in South Africa, the Citadel Investment Group, and manages the group's offshore funds in Guernsey.

"We appointed Northern Trust based on their expertise and understanding of our unique business needs," said Hennie Esterhuizen, Managing Director of Peregrine Guernsey Limited.

"As Guernsey's largest fund administrator and custodian, it distinguished itself with its capabilities to support our core requirements and future development plans."