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UCA Funds Management appoints Northern Trust
UCA Funds Management has appointed Northern Trust to provide global custody services for its range of ethical Australian fund products.
UCA Funds Management offers investment is Australia's first fund manager dedicated to ethical investing to charities, faith-based organisations, and personal investors. It now manages more than $970 million.
Commenting on the appointment, the fund manager's chief executive, Michael Walsh, said "we are pleased that this appointment brings us a step closer to UCA Funds Management becoming the first Australian social enterprise to hold a responsible entity licence".
Northern Trust head of global fund services for Asia-Pacific, Peter Jordan, said the global custodian would support UCA Funds Management through its global operating platform, local expertise, and service capabilities.
"UCA Funds Management has a strong history over the past three decades in offering investment options for personal investors, charities and faith-based organisations and we look forward to working together with them to help them achieve their long-term objectives," Jordan said.
Northern Trust has a focus on environmental, social, and corporate governance investing, especially through its engineered equities strategy.
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