Northern Trust Appointed as Asset Servicing Provider by Australian Insurer Generation Life
Northern Trust (NTRS) has been selected by Australian life insurance company Generation Life to provide global custody and valuation reporting services. The agreement covers AU$1.5 billion of Generation Life's portfolio assets as of January 31, 2025, including domestic and international equities, bonds, FX, and SICAVs.
Generation Life, founded in 2007 and based in Melbourne, specializes in tax-effective investment solutions with AU$3.8 billion in total funds under management as of December 31, 2024. The partnership aims to enhance operational excellence and support Generation Life's growth objectives through Northern Trust's digital technology capabilities.
Northern Trust (NTRS) è stata selezionata dalla compagnia di assicurazioni sulla vita australiana Generation Life per fornire servizi di custodia globale e reportistica di valutazione. L'accordo copre 1,5 miliardi di dollari australiani del portafoglio di Generation Life al 31 gennaio 2025, inclusi azioni domestiche e internazionali, obbligazioni, valute e SICAV.
Generation Life, fondata nel 2007 e con sede a Melbourne, si specializza in soluzioni di investimento fiscalmente efficienti con 3,8 miliardi di dollari australiani di fondi totali gestiti al 31 dicembre 2024. La partnership mira a migliorare l'eccellenza operativa e a supportare gli obiettivi di crescita di Generation Life attraverso le capacità tecnologiche digitali di Northern Trust.
Northern Trust (NTRS) ha sido seleccionada por la compañía de seguros de vida australiana Generation Life para proporcionar servicios de custodia global y reportes de valoración. El acuerdo abarca 1.5 mil millones de dólares australianos de los activos de la cartera de Generation Life a partir del 31 de enero de 2025, incluyendo acciones nacionales e internacionales, bonos, divisas y SICAV.
Generation Life, fundada en 2007 y con sede en Melbourne, se especializa en soluciones de inversión fiscalmente eficientes con 3.8 mil millones de dólares australianos en fondos totales bajo gestión al 31 de diciembre de 2024. La asociación tiene como objetivo mejorar la excelencia operativa y apoyar los objetivos de crecimiento de Generation Life a través de las capacidades tecnológicas digitales de Northern Trust.
노던 트러스트(NTRS)는 호주의 생명 보험 회사 제너레이션 라이프에 의해 글로벌 수탁 및 평가 보고 서비스 제공업체로 선택되었습니다. 이 계약은 2025년 1월 31일 기준으로 제너레이션 라이프의 포트폴리오 자산 중 15억 호주 달러를 포함하며, 여기에는 국내 및 국제 주식, 채권, 외환 및 SICAV가 포함됩니다.
제너레이션 라이프는 2007년에 설립되어 멜버른에 본사를 두고 있으며, 2024년 12월 31일 기준으로 38억 호주 달러의 총 자산을 관리하며 세금 효율적인 투자 솔루션을 전문으로 하고 있습니다. 이 파트너십은 노던 트러스트의 디지털 기술 역량을 통해 운영 우수성을 향상하고 제너레이션 라이프의 성장 목표를 지원하는 것을 목표로 하고 있습니다.
Northern Trust (NTRS) a été sélectionnée par la compagnie d'assurance-vie australienne Generation Life pour fournir des services de conservation mondiale et de reporting de valorisation. L'accord couvre 1,5 milliard de dollars australiens des actifs du portefeuille de Generation Life au 31 janvier 2025, y compris des actions domestiques et internationales, des obligations, des devises et des SICAV.
Generation Life, fondée en 2007 et basée à Melbourne, se spécialise dans des solutions d'investissement fiscalement efficaces avec 3,8 milliards de dollars australiens de fonds totaux sous gestion au 31 décembre 2024. Le partenariat vise à améliorer l'excellence opérationnelle et à soutenir les objectifs de croissance de Generation Life grâce aux capacités technologiques numériques de Northern Trust.
Northern Trust (NTRS) wurde von der australischen Lebensversicherungsgesellschaft Generation Life ausgewählt, um globale Verwahrungs- und Bewertungsberichterstattungsdienste anzubieten. Die Vereinbarung umfasst 1,5 Milliarden australische Dollar des Portfoliowertes von Generation Life zum 31. Januar 2025, einschließlich inländischer und internationaler Aktien, Anleihen, Devisen und SICAVs.
Generation Life, gegründet im Jahr 2007 und mit Sitz in Melbourne, ist auf steuerlich effiziente Anlage-Lösungen spezialisiert und verwaltet zum 31. Dezember 2024 insgesamt 3,8 Milliarden australische Dollar. Die Partnerschaft zielt darauf ab, die betriebliche Exzellenz zu verbessern und die Wachstumsziele von Generation Life durch die digitalen Technologiekompetenzen von Northern Trust zu unterstützen.
- Secured major Australian client with AU$1.5B assets under custody
- Expands Northern Trust's presence in Australian market
- Partnership with growing company (AU$3.8B total AUM)
- None.
With the new remit, Northern Trust will provide support to AU
Founded in 2007 and based in
“Northern Trust’s position as one of Australia’s leading asset servicing providers allows us to dedicate resources and tailor capabilities to meet our clients’ unique needs,” said Leon Stavrou, Country Head of
“In making the decision to partner with Northern Trust, we were impressed by the quality of their comprehensive services, which exceeded our expectations,” said Felipe Araujo, Chief Executive Officer, Generation Life. “This is an important partnership for Generation Life. Northern Trust’s focus on investment in digital technology strongly aligns with our objective to deliver a scalable operating model to support our growth ambitions and enhance the experience for our clients.”
About Generation Life
Generation Life, a wholly owned subsidiary of Generation Development Group Limited (ASX:GDG), is a life insurance company registered under the Life Act. As the pioneer of Australia’s first truly flexible investment bond, Generation Life has been at the forefront of providing innovative tax-effective investment solutions since 2004 and currently has over
Generation Life is proud to be shaping the retirement income landscape with our LifeIncome product by applying our innovative approach to clients’ retirement income needs and enabling Australians to focus on enjoying retirement with the confidence of an income guaranteed for life.
Generation Life is regulated by the Australian Prudential Regulation Authority (‘APRA’) and as such is required to hold a minimum amount of capital, determined by APRA, to ensure any payment obligations to clients can be met. APRA is the same independent statutory authority that supervises banks in
*As at 31 December 2024
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
Northern Trust Corporation, Head Office: 50 South La Salle Street,
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Media Contacts
Camilla Greene
+44 (0) 20 7982 2176
Camilla_Greene@ntrs.com
Simon Ansell
+ 44 (0) 20 7982 1016
sa777@ntrs.com
John O’Connell
+1 312 444 2388
John_O’Connell@ntrs.com
Source: Northern Trust Corporation
FAQ
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