Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Steven Fradkin, Northern Trust

7480

QIC selects Northern Trust for investment operations outsourcing

RELATED TOPICS​

QIC has entered into an investment operations outsourcing agreement with Northern Trust, while retaining incumbent custodian NAB Asset Servicing for back office services. QIC is one of Australia’s largest institutional fund managers with USD55.9 billion under management as of 31st December 2010.

Under an agreement approved by QIC’s Board of Directors, Northern Trust has been appointed to provide a broad suite of middle office functions including unit pricing, registry, trade services, reconciliations, investment accounting, performance and risk analytics, post-trade compliance monitoring, client reporting, fee administration and billing. The appointment of Northern Trust was made after a comprehensive due diligence and selection process.

“Outsourcing middle office services will give QIC a flexible and scalable operational platform to support our local and global investment management activities,” QIC Chief Executive Doug McTaggart says. “We chose Northern Trust because of their depth and breadth of expertise in middle office services and their ability to deliver what QIC is looking for.”

Investment Operations Outsourcing is a growing business at Northern Trust, says Steven Fradkin, President of Corporate and Institutional Services at Northern Trust. “As investment firms increasingly see the value in a specialist provider that can deliver true transparency, greater control and speed to market for their products, clients want a partner who becomes an extension of their business. Northern Trust’s culture, steeped in partnership and service, is a perfect fit for the operations outsourcing relationship.”

Latest News

RQI Investors, an Australian-based active quantitative equities manager and part of the First Sentier Investors..
UK-based wealth management companies London & Capital and Waverton have announced that they have reached..
Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence..

Related Articles

British pound coin
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates at the Pensions and Lifetime Savings Association investment conference have heard...
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates..
Sustainable Economy Top Panel
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Pension funds
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s net zero and levelling up ambitions...
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s..
Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by