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Northern Trust Press Release

 
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Northern Trust Strengthens Australia Tax Solutions

 

Senior Tax Professional Zaf Kardaras a Key Addition to Team Serving Superannuation Entities & Investment Managers

 

Melbourne, November 22, 2012 —

Zaf Kardaras has joined Northern Trust as Tax Manager for Australia and New Zealand, supporting financial and tax reporting for clients in the funds management and superannuation industries. 

Kardaras is the lead tax specialist in a fund administration team with 60 professionals dedicated to Australian clients, including fund accounting, unit pricing, financial reporting and tax. As a senior member of the client delivery team, Kardaras will also represent Northern Trust in industry tax forums.

"Northern Trust continues to make significant investment to support its goal of offering the premier tax solution for Australian institutions, and Zaf's hiring complements the local expertise we have built in the region,” said Rohan Singh, Managing Director for Northern Trust Australia. “Zaf will provide critical leadership as our experienced team of fund accountants and tax specialists help institutional clients meet the challenges of Australia’s evolving tax regime.”

Based in Melbourne, Kardaras comes to Northern Trust as a senior tax professional with 17 years of tax experience in the financial services industry, most recently as a tax director at PricewaterhouseCoopers. Prior to that he was Head of Taxation at IOOF Holdings Limited, and previously held Tax Manager roles at ANZ and KPMG.  He earned a Bachelor of Economics/Bachelor of Laws qualifications from Monash University, and is a member of the Institute of Chartered Accountants.

"I am excited to join Northern Trust, which has a highly regarded brand and a business model that combines exceptionally strong local capabilities with a single global technology platform,” said Kardaras. “The ability to leverage a global model using a team of local experts based in Melbourne offers an outstanding tax product for clients.  I especially look forward to partnering with our clients, advisers and the global Northern Trust network to continually enhance the taxation reporting and value-added services that we offer in support of ongoing Australian and international taxation developments.”

Since entering the Australia market in 2007, Northern Trust has grown to AU$137 billion in assets under custody and in excess of AU$70 billion in assets under administration as at 30 June 2012. Recent client wins include the AU$24 billion Commonwealth Superannuation Corporation (CSC), Military Superannuation Board (MSB) and Queensland Investment Corporation (QIC), one of the largest institutional fund managers in Australia, for middle office outsourcing.

Northern Trust is a full-service provider to the Australian 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 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2012, Northern Trust had assets under custody of US$4.8 trillion, and assets under investment management of US$749.7 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.

The material within and any linked material accessed via this communication is directed to eligible counterparties and professional clients only and should not be distributed to or relied upon by retail investors. For Asia Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.

Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission. Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission. Northern Trust International Fund Administration Services (Ireland) Limited, Northern Trust Securities Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland. Northern Trust Global Services Limited has a Luxembourg Branch, which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Global Investments Limited has a Netherlands branch, which is authorised by the Financial Services Authority and subject to regulation in the Netherlands by the Autoriteit Financiële Markten. Northern Trust Global Services Limited has a Netherlands Branch, which is authorised and regulated in the Netherlands by De Nederlandsche Bank. Northern Trust Global Investments Limited has a Sweden branch, which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen. Northern Trust Global Services Ltd (UK) Sweden Filial is authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen. Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008 which is authorised and regulated by the Central Bank of the United Arab Emirates. Northern Trust operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority and the Australian Securities & Investments Commission (AFS Licence No: 314970). The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission. The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong Securities and Futures Commission. Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency. The Northern Trust Company has a Singapore Branch, which is a foreign wholesale bank regulated by the Monetary Authority of Singapore. The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch, which is an authorised foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorised trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation 

 
 
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