Northern Trust expands First Sentier Investors partnership
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Northern Trust expands First Sentier Investors partnership 12 December 2024Australia Reporter: Clelia Frondaroli
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Northern Trust has expanded its relationship with First Sentier Investors, an Australian-based asset manager.
Under the enhanced collaboration, Northern Trust will integrate a number of front-to-back solutions for the firm’s public market fund business in Australia, Ireland, Singapore and the UK. The company says that these services include custody, trustee services and fund accounting.
Having commenced the partnership in 2005 to provide US custody and fund administration services, Northern Trust will continue to offer these to First Sentier Investors alongside the middle office solutions it has provided since 2020.
Pete Cherecwich, chief operating officer of Northern Trust, comments: “Our whole office approach delivers a front-to-back solution that provides First Sentier Investors with a global model for their consolidated middle office and funds business, while also helping them streamline processes and increase efficiency across their organisation.”
Amanda Gazal, chief operating officer at First Sentier Investors, adds: “We selected Northern Trust because of the partnership approach and shared values between our two organisations as well as their consistent and scalable service model.”
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