Northern Trust Corporation issued the following announcement on Feb. 27.

Knowledge First Financial, Canada’s largest RESP company with more than 500,000 customers and assets under management of more than $6 billion, has successfully completed its transition to Northern Trust (Nasdaq: NTRS) for asset servicing.

Northern Trust provides Knowledge First Financial with global custody, performance, risk and analytics and compliance monitoring services.

“We selected Northern Trust for its commitment to client service as well as technology innovation, and the transition led by Northern Trust exceeded the high expectations established at the outset,” said Steve Rotz, Chief Financial Officer of Knowledge First Financial. “Significant prior experience and clearly articulated responsibilities allowed Northern Trust and Knowledge First Financial to ensure engagement across both organizations to work closely as partners throughout the transition. It was worth the effort.”

A robust project plan using Northern Trust’s Onboarding Dashboard, accompanied by open dialogue and regular status updates, helped to ensure a smooth and timely transition that was attentive to Knowledge First Financial’s requirements. Northern Trust continues to work closely with Knowledge First Financial’s internal and external auditors as part of Knowledge First Financial’s year-end audit.

“Northern Trust is excited to have brought Knowledge First Financial on as a new client,” said Arti Sharma, CEO & President Northern Trust Canada. “The completion of the onboarding process is just the first phase of what we hope to be a very long and mutually beneficial relationship.”

Original source: https://m.northerntrust.com/news-financial-statement/press-release?c=ab99f97c1cb71b7c5a83c0f09ad2e42c