Real Time Search
CES A80 :
CES HKMI :
CES 120 :
Total Turn.

Equip Super Completes Transition to Northern Trust for Asset Servicing Solutions

2024-05-21 15:05:00

MELBOURNE, Australia--()--Northern Trust (Nasdaq: NTRS) today announced that it will provide asset servicing solutions, including global custody, fund administration and portfolio analytics services, to Equip Super, a leader in the Australian Superannuation industry. The transition of services took effect on 2 April 2024.

Headquartered in Melbourne, Australia, Equip Super offers super, financial advice and pensions to more than 140,000 members across Australia. As of 31 March 2024, Equip Super has approximately AU$34 billion in funds under management.

“The decision by Equip Super to select Northern Trust underlines our commitment to Australia and is a testament to the breadth of our experience and expertise in providing asset servicing to Australian superannuation funds,” said Leon Stavrou, Country Executive Australia and New Zealand, Northern Trust. “We understand the unique needs of this industry and look forward to building our relationship with Equip Super as they continue to grow.”

Amidst a changing working population in Australia and a rapidly evolving financial landscape worldwide, superannuation funds may face increasing pressure to deliver value while meeting member expectations. In recent years, Equip Super has been involved in several successor fund transfers in the superannuation industry and continues to look for new growth opportunities. Equip Super was seeking a partner that could enable them to scale effectively while providing its members with a consistent service experience.

“We chose Northern Trust as our new custodian based on their global services and product offering and competitive fees. They proved to be the best match to enable us to meet our Fund’s strategic objectives and provide the best financial interest to our members,” said Marc Pizzichetta, CFO of Equip Super.

Northern Trust has an established network of offices across Asia Pacific in Beijing, Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune, Singapore, Sydney and Tokyo. It has strong relationships with some of the region’s largest central banks, sovereign wealth funds, government agencies, corporations and asset managers, offering a comprehensive range of customized asset servicing, asset management and capital markets solutions.

About Equip Super

Equip Super manages $34 billion for over 140,000 members across both Equip Super and Catholic Super. Equip Super is a leader in the superannuation industry in bringing funds together through successful successor fund transfers and continues to look for new opportunities to grow the fund.

Across Equip Super and Catholic Super, we service employers and members from the energy, resources, water, infrastructure, manufacturing, education, health, legal and services sectors. Equip Super is an industry super fund, operating accumulation, defined benefit and pension plans. Our key objective is to deliver the best retirement outcome possible for members, while operating as a trusted partner for participating employers.

Equipping members today, so they’re ready for tomorrow.

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 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2024, Northern Trust had assets under custody/administration of US$16.5 trillion, and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust or Northern Trust Corporation on LinkedIn.

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/terms-and-conditions.

Contacts

Media Contacts

Europe, Middle East, Africa & Asia-Pacific:

Camilla Greene
+44 (0) 20 7982 2176
Camilla_Greene@ntrs.com

Simon Ansell
+ 44 (0) 20 7982 1016
Simon_Ansell@ntrs.com

US & Canada:

John O’Connell
+1 312 444 2388
John_O’Connell@ntrs.com

Link

Interfax Business Wire

2024-06-14
16:29:00
Celltrion showcases promising results in phase III study for CT-P47, a biosimilar candidate of RoActemra® (tocilizumab) in patients with rheumatoid arthritis (RA) at EULAR 2024
10:49:00
Brightcove to Power FrightPix, a New Streaming Destination for Horror, Thriller and True Crime Fans
10:21:00
80% of Organizations Agree That Inadequate or Outdated Technology Is Holding Back Innovation
10:05:00
WORLDCOM AWARD 2024 in Tokyo Held on Jun 5, 2024
09:56:00
OPEX® Corporation Named 2024 Sortation System Innovation of the Year by SupplyTech Breakthrough
09:20:00
Corona Cero Inspires Fans to Embrace Golden Moments
2024-06-13
16:19:00
Boomi Research Reveals Composability Essential to Overcome Legacy System Challenges in Enterprises
11:31:00
NorthWall Capital Raises More Than €640M for European Opportunities Strategy
11:26:00
RegenLab France Receives Prestigious EU-EIB Innovation Champion Award
11:20:00
Interactive Brokers Launches Trading on Cboe Europe Derivatives (CEDX)
11:17:00
GSK Enters Into a Multi-Year Data Licence Agreement With Ochre Bio to Further Investigate the Drivers of Liver Disease
11:07:00
PUMA Continues Its Biggest Marketing Push With EURO and COPA Spin-Offs
10:10:00
Juniper Networks Wins Four Top Awards at Interop Tokyo 2024
10:02:00
AWS to Launch an Infrastructure Region in Taiwan
09:56:00
Shin-Etsu Chemical: Developing Equipment to Manufacture Semiconductor Package Substrates for the Back End Process and Pursuing a New Manufacturing Method
09:32:00
Global Corona Brand Named Most Valuable Beer Brand in Kantar BrandZ Rankings
2024-06-12
16:19:00
Hong Kong Tourism Board and Art Basel Announce Three-Year Global Partnership
16:04:00
DNP Commences Operation of Metal Mask Production Line for OLED Manufacturing at Kurosaki Plant
15:59:00
The Indy Autonomous Challenge Presented by Bridgestone Returns to Goodwood Festival of Speed in July 2024
15:40:00
Mavenir Teams With NVIDIA and Amazon Web Services to Deliver Generative AI Co-Pilot for Communications Service Providers
Back to Top