Northern Trust Launches Australian Investment Accounting Platform

October 27, 2010 ( - Northern Trust has launched its Australian Investment Accounting platform, which provides a range of custody and fund accounting and administration services to superannuation funds and investment managers in Australia.

Northern Trust’s Australian Investment Accounting platform offers clients immediate access to fund accounting, net asset values, fund administration and regulatory reporting. Utilising Northern Trust’s global operating platform ensures that client reporting is driven from a single transaction source and enables delivery of a full suite of online tools including daily performance and compliance monitoring, according to a press release.

The Australian fund accounting team is led by Bernie McGrath, Head of Australian Fund Accounting, who has more than 20 years experience in this market including consulting, custody, fund accounting, and tax, the announcement said.

Northern Trust’s accounting and regulatory reporting capabilities are integrated with its risk and performance tools and delivered via Passport, its online portal.