NORTHERN TRUST
Government Employees Superannuation Board Appoints Northern Trust for AU$20 Billion Mandate
MELBOURNE, January 27, 2015 -
The Government Employees Superannuation Board (GESB) has appointed Northern Trust (Nasdaq: NTRS) to provide global custody, fund accounting, taxation, performance measurement and attribution and associated services for its AU$20 billion (approximately US$16 billion) superannuation and retirement scheme.
GESB is the largest Western Australia based superannuation provider, administering the superannuation and retirement assets of current and former public sector workers. Based in Perth, it has more than 70-years of superannuation experience.
"We appointed Northern Trust as we were looking to maximise efficiencies and streamline our operations, ensuring that we can continue to offer value for money to our members" said Howard Rosario, GESB Chief Executive Officer. "Northern Trust's 125 year reputation for service combined with the quality of technology, proven expertise and cultural fit were key factors in our decision to work with them."
Northern Trust was appointed following a detailed review based on Western Australia State procurement policies. Thomas Murray, an international consulting firm, assisted with the review process.
"We are delighted to be appointed by GESB," said Rohan Singh, country head of Northern Trust Australia. "As the superannuation environment continues to evolve, we remain focused on helping our clients enhance their investment operating models, and address the ever increasing complexity around regulatory reporting and portfolio oversight. GESB has a rich history with seven decades of helping its members in Western Australia, and we look forward to helping GESB continue to meet its objectives."
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 asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. Chicago-based Northern Trust has offices in 19 states, Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2014, Northern Trust had assets under custody of US$6 trillion, and assets under investment management of US$934.1 billion. For 125 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com and follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.https://www.northerntrust.com/disclosures
GESB is the largest Western Australia based superannuation provider, administering the superannuation and retirement assets of current and former public sector workers. Based in Perth, it has more than 70-years of superannuation experience.
"We appointed Northern Trust as we were looking to maximise efficiencies and streamline our operations, ensuring that we can continue to offer value for money to our members" said Howard Rosario, GESB Chief Executive Officer. "Northern Trust's 125 year reputation for service combined with the quality of technology, proven expertise and cultural fit were key factors in our decision to work with them."
Northern Trust was appointed following a detailed review based on Western Australia State procurement policies. Thomas Murray, an international consulting firm, assisted with the review process.
"We are delighted to be appointed by GESB," said Rohan Singh, country head of Northern Trust Australia. "As the superannuation environment continues to evolve, we remain focused on helping our clients enhance their investment operating models, and address the ever increasing complexity around regulatory reporting and portfolio oversight. GESB has a rich history with seven decades of helping its members in Western Australia, and we look forward to helping GESB continue to meet its objectives."
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 asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. Chicago-based Northern Trust has offices in 19 states, Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2014, Northern Trust had assets under custody of US$6 trillion, and assets under investment management of US$934.1 billion. For 125 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com and follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.https://www.northerntrust.com/disclosures
|
distributed by
|
