Melbourne – Funds SA, the investment management corporation owned by the Government of South Australia, has appointed Northern Trust (Nasdaq: NTRS) for a AU$34bn mandate to provide a master custody solution including asset servicing, investment administration and investment data services, following a competitive tender process.
Melbourne, 12 July 2019 – Funds SA, the investment management corporation owned by the Government of South Australia, has appointed Northern Trust (Nasdaq: NTRS) for a AU$34bn mandate to provide a master custody solution including asset servicing, investment administration and investment data services, following a competitive tender process.
Angelo Calvitto, Northern Trust country executive, Australia, said: “We are delighted to be working with Funds SA to support their growing business and enable them to focus on their core investing activities. As institutional investors look to enhance their operating models to meet their investment needs, they require a global asset servicing partner with local insights and expertise. They also want to work with an organization that delivers a high-level of client service, supported by leading-edge technology.”
Funds SA invests over AU$34 billion on behalf of South Australia’s public sector pension and superannuation schemes and approved authorities. Funds SA manages a number of external investment mandates across a diverse range of asset classes and geographies.
Northern Trust is a full-service provider to the Australian and New Zealand market and delivers a range of innovative solutions for institutional investors, including Australian investment accounting and tax, unit registry services, global custody, investment operations outsourcing and capital market solutions – which includes brokerage, foreign exchange, securities lending and transition management.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 20 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2019, Northern Trust had assets under custody/administration of US$10.9 trillion, and assets under management of US$1.2 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter .
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures.