Chicago-based custody bank Northern Trust has been appointed as third-party administrator for the US$157bn AuM Australia-based asset manager First Sentier Investors.
Northern Trust will integrate a range of front-to-back solutions for the manager’s public market fund business in Australia, Ireland, Singapore and the United Kingdom.
Services provided include custody, depositary/trustee services, fund accounting, share-class hedging, transfer agency and regulatory reporting services.
Northern Trust has provided U.S. custody and fund administration services to First Sentier Investors since 2005 and will continue to offer middle office solutions, which it has provided since 2020.
