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Northern Trust Press Release

 
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Northern Trust and Accident Compensation Corporation Mark 20-year Asset Servicing Relationship

 

 

Melbourne, February 18, 2014 —

Northern Trust and New Zealand's Accident Compensation Corporation (ACC) recently marked 20 years of Northern Trust providing ACC with custody and accounting services.

Northern Trust was appointed in 1993 to provide master custody and related services to ACC, New Zealand's accident compensation scheme.

ACC was established in 1974 and as a Crown Financial Institution provides comprehensive, no-fault personal injury cover for all New Zealand residents and visitors to New Zealand.

Fenella Gray, Accident Compensation Corporation's Chief Operating Officer, Investments said: "Northern Trust's global operating model and single platform have continually supported our Global Mandate for the past 20 years and over the last two years as we have expanded our in-house global equity investment management capabilities. In addition to providing custody services for our global assets, Northern Trust supports us with daily accounting and data services to satisfy our increasing appetite for information."

"Northern Trust provides ACC with a truly global asset servicing solution for our Global Mandate, and we have been able to leverage Northern Trust’s global capabilities," said Mrs Gray.

Rohan Singh, Managing Director, Country Head at Northern Trust Australia said, "Northern Trust prides itself on building long term partnerships with our clients, and we are delighted and honoured to be celebrating our 20 year anniversary with Accident Compensation Corporation."

"Due to the enduring commitment and support of clients like Accident Compensation Corporation, Northern Trust has transformed into a truly global organization with an ever growing presence in the Asia Pacific and New Zealand/Australia region."

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

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