Funds SA has appointed Northern Trust to provide its asset servicing, investment administration and investment data services through a custody solution.
Funds SA invests more than AU$34 billion on behalf of South Australia’s public sector pension and superannuation schemes and approved authorities.
Northern Trust is a full-service provider to the Australian and New Zealand market and delivers a range of solutions for institutional investors, including Australian investment, global custody, investment operations outsourcing and capital market solutions–which includes brokerage, foreign exchange, securities lending and transition management.
Angelo Calvitto, country executive of Australia for Northern Trust, said: “We are delighted to be working with Funds SA to support their growing business and enable them to focus on their core investing activities.”
He added: “As institutional investors look to enhance their operating models to meet their investment needs, they require a global asset servicing partner with local insights and expertise. They also want to work with an organisation that delivers a high-level of client service, supported by leading-edge technology.”
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