Northern Trust selected for Australian pension fund mandate
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Northern Trust selected for Australian pension fund mandate 10 October 2011Melbourne Reporter: Anna Reitman
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Northern Trust has announced its selection by the Commonwealth Superannuation Corporation (CSC) to provide a full range of master custody and related services.
Paul Cutts, managing director of Northern Trust Australia says, "CSC will be Northern Trust’s first full service master custody client in the Australian superannuation industry and both organisations are looking forward to the opportunities that this partnership will bring."
The transition is expected to commence in early 2012.
CSC has responsibility for managing and investing funds for members of the Commonwealth government’s superannuation funds and is the merged entity of the Australian Reward Investment Alliance, MilitarySuper boards and its Defence Force Retirement and Death Benefits Authority.
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