First Sentier Investors has signed a mandate with Northern Trust, expanding its administration service into Australia and the UK.
First Sentier, which manages $226 billion in assets, will use Northern Trust for its front-to-back solutions for its public funds businesses in Australia, the United Kingdom, Ireland and Singapore.
This will include custody, custodian/trustee, fund accounting, share class coverage, transfer agency and regulatory reporting services.
The two companies have already been working together since 2005 on fund custody and administration in the US market, and providing middle office solutions since 2020.
Northern Trust was selected, First Sentier said, because of the shared values between the two companies and their consistent service model. The company provides fund administration, global custody, outsourcing and data solutions to global investment managers.
Amanda Gazal, chief operating officer at First Sentier Investors, said: “In choosing a core provider for our middle and back offices, we were looking for one that could offer scalability and operate effectively across multiple platforms and geographies. . We chose Northern Trust because of the partnership approach and shared values between our two organizations as well as their consistent and scalable service model.
Peter Cherecwich, Chief Operating Officer at Northern Trust, added: “We are pleased to partner with First Sentier Investors on this important mandate. Our comprehensive approach offers a front-to-back solution that provides First Sentier investors with a holistic model for their consolidated middle office and fund portfolio, while helping them streamline processes and increase efficiency within their organization .
In October, Northern Trust announced that it had entered into a strategic agreement with Hamilton Lane for Hamilton Lane to provide its software and integrated services to Northern Trust Asset Servicing customers.
Northern Trust will provide clients with access to Hamilton Lane Private Market data, analytics and tools through its Northern Trust Total Portfolio Analytics solutions suite, an ecosystem that includes integrated technology and capabilities across the asset lifecycle. ‘investment.
