Northern Trust has been selected by the Energy Industries Superannuation Scheme (EISS) to provide a full range of master custody and related services to the AU$4.3 billion ($3.9 billion) fund.
"This appointment follows a detailed search and due diligence across the major custodians in Australia,” noted EISS CEO Alexander Hutchison.
"The custodian is a key strategic partner in the provision of services for the fund and competition in this space has significantly increased over the past few years. Northern Trust’s culture, global operating model and technology systems were key areas of importance for the fund.”
Rohan Singh, managing director of Northern Trust Australia, said: "We are delighted and honored by the appointment, and look forward to supporting EISS with a range of solutions to meet their investment oversight, governance and growth strategies.”
Northern Trust is a full-service provider to the Australian and New Zealand market and delivers a range of solutions for institutional clients; including Australian investment accounting and tax, unit registry services, investment operations outsourcing, and specialised custody solutions.
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