Northern Trust announced today it has been selected to provide fund accounting, fund administration and global custody services for GuideStone Funds, a fund complex with more than $11 billion in assets under management.
“Northern Trust’s mutual fund expertise and dedicated client service, combined with an industry-leading global technology platform, will provide strong support for our investment strategies as well as our objectives,” said John Jones, President of GuideStone Funds. “We’re happy to build on our relationship with Northern Trust, which allows us to pursue excellence in active, multi-manager investment strategies while maintaining the highest level of service to our investors.”
The fund servicing mandate covers the GuideStone Funds family, including 26 registered mutual funds with $11.6 billion in AUM as of June 30, 2017. GuideStone Funds, the nation’s largest Christian-screened mutual fund family, is part of GuideStone Financial Resources, a leading financial services provider of retirement, investment, executive benefit services, and property and casualty, and life and health plans to Southern Baptist and evangelical Christian churches, educational institutions and ministry organizations.
“We are pleased by this appointment and eager to provide a full suite of mutual fund services to the GuideStone family,” said Dan Houlihan, head of Northern Trust Global Fund Services in North America. "GuideStone is a large, complex and mission-driven asset manager, and their selection of Northern Trust validates our efforts to develop new technologies and recruit top talent to deliver a more automated, client-centered service model to the U.S. mutual fund market.”
Northern Trust's Global Fund Services unit provides fund administration, global custody, and investment operations outsourcing solutions to more than 650 asset managers across the globe. It supports diverse fund structures across multiple domiciles and jurisdictions and has expertise in traditional and alternative investment vehicles.
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 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2017, Northern Trust had assets under custody of US$7.1 trillion, and assets under management of US$1 trillion. For more than 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.
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