Northern Trust retains QIC mandate

Major custodian, Northern Trust has retained a key mandate, being reappointed by QIC Limited for a further seven years to deliver investment operations outsourcing, global custody, fund accounting, taxation and associated services for its range of Australian fund products and discrete mandates.

This re-appointment marks five years since Northern Trust commenced investment operations outsourcing for QIC in November 2011.

Commenting on the renewed mandate, QIC executive director of operations and technology, Mark McDonald said it had followed a market evaluation.

Related News:

"As QIC expands its global footprint, choosing a partner with a global reach, consistent client service approach and robust operating platform will enable QIC to focus on delivering innovative solutions to our clients worldwide," he said.

Northern Trust head of global fund services for Asia Pacific, Peter Jordan, welcomed the renewed mandate, noting that Northern Trust had evolved its partnership with QIC as their requirements and product range had changed.




Related Content

TTR pension timing issues

David Barrett looks at what financial advisers need to understand now that the TTR changes come into place.It’s not long now until the kick off of t...more

LISTO and tax deductions to benefit 4m

More than four million people will benefit from the superannuation changes coming into effect from 1 July 2017 either through the Low Income Superannu...more

Andy Marshall joins IOOF

IOOF has appointed a new national manager, IOOF Alliances.The multi-faceted financial services group announced that it had appointed former Zurich hea...more

Author

Comments

Add new comment