Australian equities manager JCP Investment Partners has appointed Northern Trust as its custodian.
Northern Trust was chosen by JCP after a competitive tender process to provide the fund manager with global custody and fund administration services.
JCP Investment Partners chief operating officer Nancy Day said they were pleased to appoint Northern Trust to service its wholesale and retail funds.
“The quality and depth of Northern Trust’s service offering, with a local team that is supported by innovative data solutions and a global technology platform and operating model, were key contributors in our decision to select Northern Trust,” she said.
Northern Trust head of global fund services, Asia-Pacific, Peter Jordan said: “Our growing fund manager client base in Australia requires a high level of client service and an efficient operating platform to enable managers to focus on their core investing activities and business development.”
“As a provider with a global reach and local expertise, Northern Trust is well placed to support JCP through our ongoing investment in our technology, people and local infrastructure,” Mr Jordan said.
Headquartered in Chicago, Northern Trust has US$7.4 trillion assets under custody and US$1.03 trillion assets under management as of 30 June 2017.