SINGAPORE, August 13 — Northern Trust (Nasdaq: NTRS) today announced that it has expanded its relationship with First Sentier Group, 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 First Sentier Investors Global Growth Funds. The arrangement combines local Singapore transfer agency capabilities with Northern Trust’s global operating platform, supporting a consistent, scalable and resilient servicing framework for the Singapore unit trust offering while aligning with First Sentier Group’s broader operating model objectives and local regulatory requirements.
Yen Leng Ong, Country Head of Singapore at Northern Trust, said: “This expanded mandate with First Sentier Group strengthens our fund administration support for retail investors in the region and reflects the depth of our global relationship. It also represents an important milestone for our Singapore operations and a significant step in the evolution of our local transfer agency capability.”
The move represents an expansion of a broader global relationship between the firms, which began in 2006. The First Sentier Investors Global Growth Funds represent a collective investment scheme in Singapore, further broadening the scope of services delivered by Northern Trust globally.
Amanda Gazal, Chief Operating Officer for First Sentier Group, said: “This appointment supports the continued simplification of our global operating model and strengthens the consistency of service across our fund ranges. The Singapore transition marks an important milestone in the ongoing evolution of our operating framework, designed to deliver scalable and resilient support for our clients and investors.”
Northern Trust provides a complete suite of asset servicing solutions for global investment managers including fund administration, global custody, investment operations outsourcing and data solutions, supporting a range of complex investment strategies across the full spectrum of asset classes.