OREANDA-NEWS. QIC Limited (QIC), one of Australia’s largest institutional fund managers, has appointed Northern Trust (Nasdaq: NTRS) to provide global custody, fund accounting, taxation and associated services for its range of Australian fund products.

This latest appointment extends Northern Trust’s existing relationship with QIC and underlines its continued focus on providing tailored solutions to fund managers and sophisticated institutional investors across Australia and New Zealand. 

“As QIC continues to grow and diversify globally, consolidating custody services with Northern Trust, as one of the world’s largest global custodians, will assist in the provision of consistent and high-quality outcomes delivered to our clients worldwide,” said Mark McDonald, QIC’s executive director of operations & technology.

In 2011, Northern Trust announced it would provide investment operations outsourcing services for QIC. In addition, Northern Trust also provides fund administration, global custody and depositary services to QIC’s Irish domiciled UCITS product.

“Northern Trust is delighted to extend our relationship with QIC,” said Peter Jordan, head of Global Fund Services for Asia-Pacific at Northern Trust. “As our fund manager clients continue to navigate an evolving regulatory landscape and challenging economic environment, Northern Trust looks to provide them with high quality services that support their investment management decisions but also focuses on partnering with them for the long term. Through our global operating platform we are able to deliver a streamlined and consistent experience for QIC and look forward to continuing to evolve with them as their requirements change.” 

Northern Trust is a full-service provider to the Australian and New Zealand market and delivers a range of solutions for institutional clients; including Australian investment accounting and tax, unit registry services, investment operations outsourcing, and specialised custody solutions. 

About Northern Trust 

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2015, Northern Trust had assets under custody of US\\$6.1 trillion, and assets under management of US\\$960.1 billion. For 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.