Northern Trust has been selected by the Energy Industries Superannuation Scheme (EISS) to provide a full range of master custody and related services to the AU$4.3 billion (approximately US$3.9 billion) fund.
"This appointment follows a detailed search and due diligence across the major custodians in Australia," noted EISS Chief Executive Officer Alexander Hutchison. "The custodian is a key strategic partner in the provision of services for the fund and competition in this space has significantly increased over the past few years. Northern Trust's culture, global operating model and technology systems were key areas of importance for the fund."
Rohan Singh, Managing Director of Northern Trust Australia said, "We are delighted and honored by the appointment, and look forward to supporting EISS with a range of solutions to meet their investment oversight, governance and growth strategies."
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. Northern Trust utilises its single global operating platform to combine the scale and expertise of a global organisation with the focus and experience of a local provider.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 18 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2013, Northern Trust had assets under custody of US$5.6 trillion, and assets under investment management of US$884.5 billion. For more than 120 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 or 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. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures
The Energy Industries Superannuation Scheme (EISS) a non-profit superannuation fund that was established in 1997 for the purpose of providing retirement benefits for employees of certain energy industries bodies in NSW. EISS is now a public offer APRA regulated fund that has $4.3 billion funds under management. Energy Industries Superannuation Scheme Pty Limited (ABN 72 077 947 285) is the Trustee of EISS (Trustee) AFSL 441877.