Northern Trust appointed asset servicing provider for Generation Life
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Northern Trust appointed asset servicing provider for Generation Life 26 February 2025Australia Reporter: Jack McRae
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Northern Trust has been selected to provide global custody and valuation reporting services for Australian life insurance company Generation Life.
Northern Trust will provide support to the AU$1.5 billion of Generation Life’s portfolio assets. These include domestic and international equities, bonds, FX, and SICAVs.
Leon Stavrou, country head of Australia at Northern Trust, says: “Our selection by Generation Life, a leader in their field, will help them achieve operational excellence, and we look forward to building a highly successful partnership.”
Felipe Araujo, CEO of Generation Life, adds: “This is an important partnership for Generation Life. Northern Trust’s focus on investment in digital technology strongly aligns with our objective to deliver a scalable operating model to support our growth ambitions and enhance the experience for our clients.”
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