Northern Trust has been selected by Platinum Asset Management, a Sydney-based investment manager, to provide asset servicing solutions across their Australian funds.
Under the new collaboration, Northern Trust will be expected to provide custody, fund administration, regulatory reporting, and investment operations to the investment manager.
Leon Stavrou, country head of Australia at Northern Trust, comments: “As Platinum sought a more comprehensive and scalable solution, we recognised our front-to-back approach made us uniquely qualified to meet their needs. Our client-centric approach and holistic product set positions us well to help Platinum as they focus on increasing operational efficiencies.”
Andrew Stannard, finance director at Platinum Asset Management, adds: “Northern Trust's consultative approach stood out from the start. We also felt a strong cultural fit between our organisations, and we are excited to embark on this new journey with Northern Trust.”
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