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Northern Trust Appointed by First Sentier Investors for Middle Office Outsourcing Mandate

Mandate Highlights Continued Outsourcing Trend in Australia

MELBOURNE – Northern Trust (Nasdaq: NTRS) has been appointed by First Sentier Investors (FSI), a leading global asset manager, to provide middle office outsourcing services.

The appointment, which will help support First Sentier Investors’ strategic business objectives, comes after a competitive tender process.

Angelo Calvitto, Northern Trust country executive, Australia, said: “Investment managers are increasingly turning to Northern Trust for outsourced investment operation solutions. This allows them to focus on their core business of investment decision-making and asset allocation, while benefitting from our middle office expertise and culture of control, risk management and compliance.”

Rob Scott, First Sentier Investors’ chief operating officer, said: “Northern Trust’s ability to provide a single global middle office service utilizing a single scalable technology infrastructure were key factors in our decision. Northern Trust’s ability to support all our investment capabilities and products, across multiple global jurisdictions, was obviously critical. The cultural fit with FSI was also a factor in the decision-making process. This has already played an important role in the partnership as we have transitioned on to Northern Trust’s service model.”

With clients across Australia, Asia, Europe and North America, First Sentier Investors manages more than A$200 billion invested across equities, cash and fixed income, infrastructure and multi-asset solutions, as at 30 September 2020.

Northern Trust is a full-service provider to the Australian and New Zealand market and delivers a range of solutions for institutional fund clients, including Australian investment accounting and tax, unit registry services, investment operations outsourcing, and specialized custody solutions.

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 a global presence with offices in 22 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2020, Northern Trust had assets under custody/administration of US $13.1 trillion, and assets under management of US $1.3 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.

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 https://www.northerntrust.com/disclosures.

About First Sentier Investors

First Sentier Investors manages A$219 billion in assets (as at 30 September 2020) on behalf of institutional investors, pension funds, wholesale distributors, investment platforms, financial advisers and their clients worldwide.

The firm operates as a standalone global investment management business with offices across Europe, the Americas, and Asia Pacific. First Sentier Investors’ expertise spans a range of asset classes and specialist investment sectors focused on delivering sustainable investment success based on responsible investment principles.

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