Northern Trust awarded asset servicing mandate for Platinum AM

Northern Trust has been selected to provide asset servicing solutions for Sydney-based investment manager, Platinum Asset Management, across their range of Australian funds.

Northern Trust has been engaged to provide custody, fund administration, regulatory reporting, investment operations outsourcing (IOO), ETF administration and collateral management services for Platinum.

“As Platinum sought a more comprehensive and scalable solution, we recognised our ‘front-to-back’ approach made us uniquely qualified to meet their needs,” Leon Stavrou, Country Head, Australia, Northern Trust, said.

“Our client-centric approach and holistic product set positions us well to help Platinum as they focus on increasing operational efficiencies. We look forward to the opportunity to partner with them as they grow into the future.”

“When we decided to switch to a new asset servicing provider, many factors came into play,” Andrew Stannard, Finance Director, Platinum Asset Management, said.

“Northern Trust’s consultative approach stood out from the start. We also felt a strong cultural fit between our organisations, and we are excited to embark on this new journey with Northern Trust.”