Northern Trust Expands Asset Management Support Services

Northern Trust Strengthens Its Relationship with First Sentier Investors

Northern Trust has proudly announced an expansion of its partnership with First Sentier Investors, a notable asset manager known for overseeing assets exceeding US$157 billion. This collaboration aims to enhance and streamline asset management services, providing an array of innovative solutions tailored for global investors.

Comprehensive Solutions for Asset Management

Through this new mandate, Northern Trust will integrate various front-to-back solutions, particularly designed for First Sentier's public market fund operations. These services cover several regions, including Australia, Ireland, Singapore, and the United Kingdom. Among the offerings are custody, depositary services, fund accounting, share-class hedging, transfer agency functions, and detailed regulatory reporting.

Longstanding Partnership Enhances Operational Efficiency

Since 2005, Northern Trust has been instrumental in providing U.S. custody and fund administration to First Sentier Investors, extending middle office solutions since 2020. This foundation of trust and collaboration continues to flourish, exemplifying a commitment to operational excellence.

Chief Operating Officer of Northern Trust, Pete Cherecwich, expressed enthusiasm about the extended partnership, highlighting how their holistic approach delivers seamless solutions that empower First Sentier Investors to optimize their organizational efficiency.

Key Benefits of the Partnership

“We are dedicated to supporting First Sentier Investors in maximizing their operational capabilities,” Cherecwich stated. “Our comprehensive model offers an integrated approach to managing their middle office and fund services, advancing process automation and efficiency throughout the organization.”

Selecting Northern Trust for Scalable Services

Amanda Gazal, COO at First Sentier Investors, remarked on their decision to choose Northern Trust, noting the importance of collaborating with a service provider that can offer scalability and efficiency across diverse platforms and geographical landscapes. The shared values and partnership approach between the two organizations were especially significant in this selection process.

Commitment to an Expanded Range of Services

Northern Trust’s portfolio encompasses a wide array of services, including fund administration, global custody, investment operations outsourcing, and advanced data solutions that cater to a myriad of complex investment strategies spanning the full spectrum of asset classes.

About Northern Trust

Northern Trust Corporation stands as a prominent name in wealth management, asset servicing, and banking solutions, catering to corporations, institutions, and individuals alike. Established in 1889 in Chicago, the firm has significantly expanded its operations, now serving clients across 24 U.S. states and numerous locations globally.

As of the latest reports, Northern Trust maintains assets under custody and administration totaling US$17.4 trillion, with assets under management reaching US$1.6 trillion. Their reputation for exceptional service, financial expertise, and integrity is well-established, reflecting more than 135 years of industry leadership.

About First Sentier Investors

First Sentier Investors holds a robust portfolio managing US$157 billion in assets for various institutional clients. The firm operates independently following its acquisition by Mitsubishi UFJ Trust and Banking Corporation in 2019. It prides itself on its commitment to responsible investment principles, underpinning their investment strategies aimed at sustainable success.

As a certified B Corporation and signatory to the UK Stewardship Code, First Sentier Investors emphasizes delivering impactful investment solutions grounded in ethical practices.

Frequently Asked Questions

What services does Northern Trust provide to First Sentier Investors?

Northern Trust offers a variety of services including custody, fund accounting, regulatory reporting, and middle office solutions tailored to First Sentier Investors' needs.

How long has Northern Trust been associated with First Sentier Investors?

Northern Trust has been providing custody and fund administration services to First Sentier Investors since 2005.

What regions are covered under this new mandate?

The new mandate covers operations in Australia, Ireland, Singapore, and the United Kingdom.

What is First Sentier Investors known for?

First Sentier Investors is recognized for managing a substantial portfolio of assets, focusing on responsible investment practices and sustainable investment success.

What distinguishes Northern Trust in the asset management industry?

Northern Trust is distinguished by its extensive expertise, commitment to client service, and innovative solutions across a diverse range of investment vehicles.

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