Northern Trust has been selected to provide global custody services for the Australian fund products of UCA Funds Management, an Australian fund manager dedicated to ethical investment.
UCA offers ethical investment management that caters primarily to charities, faith-based investors and personal investors. It has more than AUD 970 million ($709.6 million) in funds under management.
Michael Walsh, CEO of UCA Funds Management, said: “[The] appointment of Northern Trust highlights and recognises the increased investor protection that a trusted and experienced external custodian provides.”
He added: “We are pleased that this appointment also brings us a step closer to UCA Funds Management becoming the first Australian social enterprise to hold a responsible entity license.”
As a full-service provider for Australia and New Zealand, Northern Trust offers solutions such as investment accounting and tax, unit registry services, investment operations, outsourcing and custody.
Peter Jordan, Northern Trust’s head of global fund services for the Asia-Pacific region, said: “UCA Funds Management has a strong history over the past three decades in offering investment options for personal investors, charities and faith-based organizations and we look forward to working together with them to help them achieve their long term objectives.”
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