Northern Trust has expanded its relationship with First Sentier Investors, an Australia-based asset manager with more than USD157bn AuM. Under the terms of the new mandate, 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.
