Future Fund selects Northern Trust
One of the last key Future Fund mandates has been awarded, with London-based Northern Trust having been selected to provide global custody and related services.
Announcing the mandate win, Northern Trust described it as the largest-ever custody mandate to be awarded by an Australian institution.
Confirming the selection of Northern Trust, the head of operations for the Future Fund, Gordon McKellar, said the selection process had been assisted by specialist global securities services firm Thomas Murray.
“Throughout the selection process we focused on the ability of the custodian to deliver global best practice and innovative solutions with minimal risk to the fund,” McKellar said. “Northern Trust showed it was able to meet the full range of requirements.”
AUTHOR
Mike Taylor
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