Ethical investment firm UCA Funds Management has appointed Northern Trust as custodian.
Northern Trust has been appointed to provide global custody services to UCA Funds Management’s range of Australian products.
UCA Funds Management chief executive Michael Walsh said: “UCA Funds Management’s appointment of Northern Trust highlights and recognises the increased investor protection that a trusted and experienced external custodian provides.”
“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.”
Northern Trust head of fund services, Asia Pacific, Peter Jordan said: “Northern Trust is pleased to work in partnership with our fund manager clients to support them through our global operating platform, combined with local expertise and service capabilities.
“UCA Funds Management has a strong history over the past three decades in offering investment options for personal investors, charities and faith-based organisations and we look forward to working together with them to help them achieve their long-term objectives.”
UCA Funds Management offers ethical investment options and currently has $970 million funds under management.