Northern Trust Secures Platinum Asset Management Asset Servicing Business
Northern Trust to Provide ‘Front-to-Back' Asset Servicing Solutions for AU
Platinum Asset Management, founded in 1994, focuses on global equities and has approximately AU
Under the terms of the new mandate, Northern Trust will provide custody, fund administration, regulatory reporting, investment operations outsourcing (IOO), ETF administration and collateral management.
“As Platinum sought a more comprehensive and scalable solution, we recognized our ‘front-to-back’ approach made us uniquely qualified to meet their needs,” said Leon Stavrou, Country Head,
“When we decided to switch to a new asset servicing provider, many factors came into play,” said Andrew Stannard, Finance Director, Platinum Asset Management. “Northern Trust's consultative approach stood out from the start. We also felt a strong cultural fit between our organisations, and we are excited to embark on this new journey with Northern Trust.”
Northern Trust provides a complete set of services including fund administration, global custody, investment operations outsourcing and data solutions to global investment managers – supporting a range of complex investment strategies across the full spectrum of asset classes.
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,
Platinum Asset Management
Platinum Investment Management Limited, trading as Platinum Asset Management, is an Australian-based investment manager founded in 1994 that specialises in international equities, managing AU
View source version on businesswire.com: https://www.businesswire.com/news/home/20250114370037/en/
Camilla
+44 (0) 20 7982 2176
Camilla_Greene@ntrs.com
Simon Ansell
+ 44 (0) 20 7982 1016
Simon_Ansell@ntrs.com
US &
John O’Connell
+1 312 444 2388
John_O’Connell@ntrs.com
Source: Northern Trust