Northern Trust Selected to Support William Blair's Luxembourg-Domiciled Commun de Placement
Northern Trust has been appointed by William Blair & Company, L.L.C.,
the global financial services firm with more than $50 billion of assets
under management, to support William Blair's Luxembourg-domiciled Fonds
Commun de Placement ("FCP"). The William Blair FCP provides a
tax-efficient fund vehicle aimed at benefiting non-U.S. based investors.
Northern Trust will provide global custody, fund administration,
investor-level tax withholding and management company services for the
FCP, a tax-transparent entity established in Luxembourg through which
investors may qualify for reduced withholding tax rates on equity
dividends. William Blair selected Northern Trust for its expertise in
developing and supporting contractual funds that optimize tax
transparency and reduce withholding tax drag.