Northern Trust selected by Mutual Trust
Major custodian, Northern Trust has received a global custody services mandate from leading multi-family office and wealth management firm, Mutual Trust.
The mandate was confirmed by Mutual Trust chief operating officer for wealth management, Andrew Wood, who said it complemented the firm's full service custody business.
"We have been providing direct global market exposure to clients for more than five years and are now in a position to increase our international offering, leveraging Northern Trust's expertise and global reach," he said.
Commenting on the arrangement, Northern trust head of Global fund Services for Asia-Pacific, Peter Jordan said the firm had a long history of working with wealth clients, and was exceptionally pleased to be able to partner with Mutual Trust.
"We see a continual shift towards diversified global investment strategies and this new partnership will enable Mutual Trust to maintain its focus on delivering innovative and integrated financial solutions to its Australian clients, whilst realizing the benefits of our global capabilities," he said.
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Staff Writer
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