Northern Trust has enhanced its fund administration capabilities in Australia through the addition of Unit Registry solutions. The service, provided through an agreement with Computershare, a global provider of unit registry, share registration, employee equity plans, proxy solicitation and stakeholder communications, combines local expertise with a broad range of global capabilities.
"The agreement with Computershare allows Northern Trust to provide local expertise, scale and operational excellence in unit registry services," said Nadia Ivanova, head of Northern Trust Global Fund Services in Australasia. "Combined with Northern Trust's leading technology and innovative product line, we are able to offer investment managers a best-in-class solution to their needs."
"We are delighted to be working with Northern Trust and extending the capabilities of Computershare's broader infrastructure and proprietary technology, Trust Architect, to meet the markets unit registry needs," commented Warwick Angus, Managing Director, Computershare Fund Services.
With Unit Registry capabilities, Northern Trust can offer investment managers in Australia a multiple product, single platform, one-stop-shop solution combining unit registry, unit pricing, tax, accounting, investment operations outsourcing, performance, risk and compliance services.
Paul Cutts, Managing Director of Northern Trust Australasia, said: "With the addition of Unit Registry capabilities, Northern Trust is now a full service provider for Australian Fund Administration and Fund Accounting. Along with our addition of Australian Investment Accounting capabilities last year, we continue to enhance our commitment to the Australian market and build upon the capabilities we provide from our Melbourne office."
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