Maple-Brown Abbott has selected Northern Trust to provide global custody, middle-office trade matching, fund administration, foreign exchange and associated services for its global investment products and portfolios.
Maple-Brown Abbott is a specialist in investment portfolios across Australian equities, Asia Pacific (ex-Japan) equities and globally-listed infrastructure securities.
Northern Trust is a full-service provider to the Australian and New Zealand market and delivers solutions for institutional fund clients, including global custody, Australian investment accounting and tax, unit registry services, investment operations outsourcing and capital market solutions.
Maple-Brown Abbott Funds has also appointed Northern Trust as administrator and depositary for its Irish-domiciled UCITS funds.
Richard Grundy, COO at Maple-Brown Abbott, said: “Northern Trust’s long-term experience in delivering asset services to leading investment managers, its global operating platform and the firm’s demonstrable excellence in client service, made them an obvious choice.”
He added: “With our investment portfolio spanning multiple international jurisdictions and investment classes, our partnership with Northern Trust will ensure we continue to deliver value for our investors.”
Angelo Calvitto, country executive of Australia at Northern Trust, commented: “Maple-Brown Abbott’s appointment is the latest in a series of new asset servicing wins for Northern Trust in Australia.”
He added: “As part of this extensive mandate, Maple-Brown Abbott will benefit from Northern Trust’s CompleteFXTM solution that offers end-to-end straight-through execution and processing of foreign exchange transactions, driving cost reduction and transparency.”
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