LeavePlus appoints Northern Trust as asset servicing provider
29 October 2026 Australia
Image: gb27photo/stock.adobe.com
LeavePlus has appointed Northern Trust to provide global custody and related services for the long service leave scheme for Victoria, Australia’s construction industry.
The firms explain under the appointment, Northern Trust will provide a suite of asset servicing including global custody, fund administration, investment accounting, performance measurement, and compliance monitoring services.
Further, the firms state the servicing model is designed to support LeavePlus’ investment portfolio, including private markets and derivatives, while enhancing data, governance, and reporting capabilities.
Leon Stavrou, head of Australia and New Zealand at Northern Trust, says: “Organisations are increasingly seeking providers that can deliver both operational strength and a highly engaged service experience.
“We are proud to have earned LeavePlus' confidence through our client-focused approach, service excellence, and disciplined risk culture.”
Craig Bell, CEO at LeavePlus, adds: “As LeavePlus continues to evolve, we require an asset servicing model capable of supporting the scale and complexity of our investment portfolio while enhancing access to data, reporting, and investment insights in support of the long service leave entitlements of Victorian construction workers.
“Northern Trust’s integrated capabilities, commitment to client service and strong operational risk framework were important factors in our decision and differentiated the firm throughout the selection process.”
The firms explain under the appointment, Northern Trust will provide a suite of asset servicing including global custody, fund administration, investment accounting, performance measurement, and compliance monitoring services.
Further, the firms state the servicing model is designed to support LeavePlus’ investment portfolio, including private markets and derivatives, while enhancing data, governance, and reporting capabilities.
Leon Stavrou, head of Australia and New Zealand at Northern Trust, says: “Organisations are increasingly seeking providers that can deliver both operational strength and a highly engaged service experience.
“We are proud to have earned LeavePlus' confidence through our client-focused approach, service excellence, and disciplined risk culture.”
Craig Bell, CEO at LeavePlus, adds: “As LeavePlus continues to evolve, we require an asset servicing model capable of supporting the scale and complexity of our investment portfolio while enhancing access to data, reporting, and investment insights in support of the long service leave entitlements of Victorian construction workers.
“Northern Trust’s integrated capabilities, commitment to client service and strong operational risk framework were important factors in our decision and differentiated the firm throughout the selection process.”
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