Northern Trust Expands Capabilities in Australia

May 24, 2011 ( - Northern Trust has enhanced its fund administration capabilities in Australia through the addition of Unit Registry solutions.

The service, provided through an agreement with Computershare, a global provider of unit registry, share registration, employee equity plans, proxy solicitation and stakeholder communications, combines local expertise with a broad range of global capabilities.  

According to a news release, with Unit Registry capabilities, Northern Trust can offer investment managers in Australia a multiple product, single platform, one-stop-shop solution combining unit registry, unit pricing, tax, accounting, investment operations outsourcing, performance, risk and compliance services.  

Paul Cutts, Managing Director of Northern Trust Australasia, said in the announcement: “With the addition of Unit Registry capabilities, Northern Trust is now a full service provider for Australian Fund Administration and Fund Accounting. Along with our addition of Australian Investment Accounting capabilities last year, we continue to enhance our commitment to the Australian market and build upon the capabilities we provide from our Melbourne office.”