Northern Trust Expands Fund Administration Mandate With First Sentier In Singapore

KUALA LUMPUR, Aug 13 (Bernama) -- Northern Trust has expanded its relationship with First Sentier Group after being appointed fund administrator for First Sentier Investors Global Growth Funds, a Singapore unit trust offering.

Under the expanded mandate, Northern Trust will provide custody, fund accounting and transfer agency services for the funds, combining its local Singapore transfer agency capabilities with its global operating platform, according to a statement.

Northern Trust Country Head of Singapore, Yen Leng Ong said the expanded mandate strengthens the company's fund administration support for retail investors in the region and represents an important milestone for its Singapore operations and local transfer agency capabilities.

Meanwhile, First Sentier Group Chief Operating Officer, Amanda Gazal said the appointment supports the continued simplification of the group's global operating model and strengthens service consistency across its fund ranges.

The appointment expands a broader global relationship between the two firms that began in 2006, further broadening the scope of services Northern Trust provides to First Sentier Group.

Northern Trust provides asset servicing solutions to global investment managers, including fund administration, global custody, investment operations outsourcing and data solutions across various asset classes.

-- BERNAMA