JCP Investment Partners Limited (JCP), an Australian-focused equities manager, has appointed Northern Trust (Nasdaq: NTRS) for the provision of global custody, fund administration and associated services for its range of Australian fund products.
The appointment comes after a competitive tender process, and builds on the existing relationship between JCP, Northern Trust and mutual institutional clients for which JCP act as investment manager.
“JCP is pleased to appoint Northern Trust to service our wholesale funds and recently launched retail funds. The quality and depth of Northern Trust’s service offering, with a local team that is supported by innovative data solutions and a global technology platform and operating model, were key contributors in our decision to select Northern Trust,” said Nancy Day, Chief Operating Officer, JCP. “We are confident in their ability to provide the strong operational support necessary to facilitate the delivery of high quality services to our clients.”
“Northern Trust is delighted to be appointed by JCP,” said Peter Jordan, head of Global Fund Services for Asia-Pacific at Northern Trust. “Our growing fund manager client base in Australia requires a high level of client service and an efficient operating platform to enable managers to focus on their core investing activities and business development. As a provider with a global reach and local expertise, Northern Trust is well placed to support JCP through our ongoing investment in our technology, people and local infrastructure.”