Northern Trust Secures Platinum Asset Management Asset Servicing Business
Northern Trust (NTRS) has secured a significant asset servicing mandate from Platinum Asset Management, a Sydney-based investment firm managing approximately AU$11 billion in global equities funds. Under the new agreement, Northern Trust will provide comprehensive services including custody, fund administration, regulatory reporting, investment operations outsourcing, ETF administration, and collateral management.
The partnership highlights Northern Trust's 'front-to-back' approach and ability to deliver comprehensive and scalable solutions. Platinum Asset Management, established in 1994, selected Northern Trust based on their consultative approach and cultural alignment between the organizations.
Northern Trust (NTRS) ha ottenuto un mandato significativo per i servizi di asset management da Platinum Asset Management, una società di investimento con sede a Sydney che gestisce circa 11 miliardi di dollari australiani in fondi azionari globali. In base al nuovo accordo, Northern Trust fornirà servizi completi che includono custodia, amministrazione dei fondi, reportistica normativa, esternalizzazione delle operazioni d'investimento, amministrazione degli ETF e gestione del collateral.
La collaborazione sottolinea l'approccio 'front-to-back' di Northern Trust e la sua capacità di offrire soluzioni complete e scalabili. Platinum Asset Management, fondata nel 1994, ha scelto Northern Trust per il loro approccio consulenziale e per l'allineamento culturale tra le organizzazioni.
Northern Trust (NTRS) ha asegurado un mandato significativo de servicios de gestión de activos de Platinum Asset Management, una firma de inversión con sede en Sydney que gestiona aproximadamente 11 mil millones de dólares australianos en fondos de acciones globales. Bajo el nuevo acuerdo, Northern Trust proporcionará servicios integrales que incluyen custodia, administración de fondos, informes regulatorios, externalización de operaciones de inversión, administración de ETF y gestión de colateral.
La asociación destaca el enfoque 'front-to-back' de Northern Trust y su capacidad para ofrecer soluciones completas y escalables. Platinum Asset Management, establecida en 1994, eligió a Northern Trust basado en su enfoque consultivo y la alineación cultural entre las organizaciones.
노던 트러스트(NTRS)는 시드니에 본사를 둔 투자회사인 플래티넘 자산 운용으로부터 중요한 자산 서비스 위임을 확보했습니다. 이 회사는 약 110억 호주 달러의 글로벌 주식 펀드를 관리하고 있습니다. 새 계약에 따라 노던 트러스트는 구분 서비스, 펀드 관리, 규제 보고, 투자 운영 아웃소싱, ETF 관리 및 담보 관리 등을 포함한 포괄적인 서비스를 제공할 예정입니다.
이번 파트너십은 노던 트러스트의 '프론트 투 백' 접근 방식과 포괄적이고 확장 가능한 솔루션을 제공할 수 있는 능력을 강조합니다. 1994년에 설립된 플래티넘 자산 운용은 상담적인 접근 방식과 두 조직 간의 문화적 일치를 바탕으로 노던 트러스트를 선택했습니다.
Northern Trust (NTRS) a obtenu un mandat significatif de services d'actifs de Platinum Asset Management, une société d'investissement basée à Sydney gérant environ 11 milliards AUD de fonds d'actions mondiaux. Dans le cadre du nouvel accord, Northern Trust fournira des services complets incluant la conservation, l'administration des fonds, le reporting réglementaire, l'externalisation des opérations d'investissement, l'administration des ETF et la gestion des garanties.
Le partenariat met en avant l'approche 'front-to-back' de Northern Trust et sa capacité à fournir des solutions complètes et évolutives. Platinum Asset Management, fondée en 1994, a sélectionné Northern Trust en raison de son approche consultative et de l'alignement culturel entre les organisations.
Northern Trust (NTRS) hat einen bedeutenden Auftragsdienstleistungsauftrag von Platinum Asset Management erhalten, einer in Sydney ansässigen Investmentfirma, die ca. 11 Milliarden AUD in globalen Aktienfonds verwaltet. Im Rahmen der neuen Vereinbarung wird Northern Trust umfassende Dienstleistungen anbieten, darunter Verwahrung, Fondsverwaltung, regulatorische Berichterstattung, Auslagerung von Anlageoperationen, ETF-Verwaltung und Sicherheitenmanagement.
Die Partnerschaft hebt den 'Front-to-Back'-Ansatz von Northern Trust und die Fähigkeit hervor, umfassende und skalierbare Lösungen zu liefern. Platinum Asset Management, 1994 gegründet, wählte Northern Trust aufgrund ihres beratenden Ansatzes und der kulturellen Übereinstimmung zwischen den Organisationen.
- Secured major asset servicing mandate for AU$11 billion in funds
- Expansion of service offering in Australian market
- Comprehensive service package including custody, administration, and operations
- None.
Insights
The strategic win of Platinum Asset Management's
The front-to-back solution approach is particularly valuable as it creates deeper client integration and higher switching costs, effectively reducing client churn risk. This mandate strengthens Northern Trust's competitive position against peers like State Street and BNY Mellon in the Australian market, where institutional investor demand for sophisticated asset servicing solutions continues to grow.
For retail investors: Think of this as signing a long-term tenant for a premium property - it provides stable, recurring income and increases the property's value. Similarly, this deal enhances Northern Trust's revenue stability and market position.
The Australian asset management market presents significant growth opportunities, with a compound annual growth rate of 4.8% projected through 2027. Securing Platinum Asset Management, a respected player in global equities, positions Northern Trust to capture a larger share of this expanding market.
The competitive implications are substantial - this win demonstrates Northern Trust's ability to displace incumbent providers in the region, likely leveraging their technology investments in front-to-back solutions. The comprehensive service model aligns with industry trends toward operational efficiency and consolidated vendor relationships, potentially attracting similar mandates from mid-sized asset managers.
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
FAQ
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