MELBOURNE, 4 August, 2015 – UCA Funds Management, Australia’s first fund manager dedicated to ethical investing has appointed Northern Trust (Nasdaq: NTRS) to provide global custody services for its range of Australian fund products.
UCA Funds Management offers investment options, which support an ethical approach, to charities, faith-based organisations and personal investors. Beginning as a small social enterprise, it has grown to manage more than AU$970 million (US$709.6) million in funds under management.
“UCA Funds Management’s appointment of Northern Trust highlights and recognizes the increased investor protection that a trusted and experienced external custodian provides,” said Michael Walsh, UCA Funds Management’s chief executive officer. “We are pleased that this appointment also brings us a step closer to UCA Funds Management becoming the first Australian social enterprise to hold a responsible entity license,” said Walsh.
“Northern Trust is delighted to be appointed by UCA Funds Management,” said Peter Jordan, head of Global Fund Services for Asia-Pacific at Northern Trust. “Northern Trust is pleased to work in partnership with our fund manager clients to support them through our global operating platform, combined with local expertise and service capabilities. UCA Funds Management has a strong history over the past three decades in offering investment options for personal investors, charities and faith-based organizations and we look forward to working together with them to help them achieve their long term 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 specialized custody solutions.
About UCA Funds Management
UCA Funds Management is Australia’s first dedicated ethical funds manager, beginning in 1985 to manage investments and treasury services for The Uniting Church in Australia. Today UCA Funds Management has more than AU$970 million in funds under management, and offers investment options for personal investors, charities and faith-based organisations.
UCA Funds Management’s vision is to be a leading example of how an ethical financial institution should operate. By applying the principles of a 360° ethical® investing approach, UCA Funds Management has grown to be recognised as one of Australia’s largest dedicated ethical fund managers.
UCA Funds Management is a social enterprise of the Uniting Church in Australia, Synod of Victoria and Tasmania.
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 Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2015, Northern Trust had assets under custody of US$6.2 trillion, and assets under management of US$946 billion. For 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.