QIC reappoints Northern Trust

QIC reappoints Northern Trust

Northern Trust has been reappointed to provide asset servicing across institutional fund manager QIC Limited’s range of Australian products.


The reappointment will see Northern Trust provide investment operations outsourcing, global custody, fund accounting, taxation and associated services to QIC for the next seven years.

QIC executive director of operations and technology Mark McDonald said Northern Trust’s global presence was a driving factor in its selection as custodian.

“Following an evaluation of the market, QIC is pleased to extend our partnership with Northern Trust, who is QIC’s strategic partner for our asset servicing needs,” he said.

“As QIC expands its global footprint, choosing a partner with a global reach, consistent client service approach and robust operating platform will enable QIC to focus on delivering innovative solutions to our clients worldwide.”

Northern Trust head of global fund services for Asia-Pacific Peter Jordan said the company was pleased to continue providing asset servicing to QIC, after having been initially appointed to do so five years ago.

“Since 2011, Northern Trust has evolved our partnership with QIC as their requirements and product range has changed,” he said.

“Our fund manager clients continue to require high quality services that support their core investment management activities and data requirements, whilst navigating an ever changing economic, political and regulatory environment.”

Read more:

Turnbull pushes for Australian financial hub

Investors must be ‘selective’ with debt: IOOF

Federal court fines ANZ, Macquarie Group

AAA downgrade still possible: BlackRock

New executive at Standard Life Investments 

 

QIC reappoints Northern Trust
investordaily image
ID logo
promoted stories

Appointments

investordaily image

AMP names incoming chief risk officer

Jessica Yun

investordaily image

Antares Equities hires new director

Staff Reporter

Brad Fox

Former AFA CEO appointed to boutique board

Staff Reporter

Analysis

investordaily image

Warning lights flashing on Aussie equities

Roy Maslen

investordaily image

What’s in store for the economy in 2018?

Frank Uhlenbruch

ST Wong

Busting common passive investing myths

ST Wong