Custodian Northern Trust has picked up a new mandate – Australian-focused equities manager, JCP Investment Partners.
Northern Trust announced today that it had been retained by JCP following a competitive tender process for the provision of global custody, fund administration and associated services for its range of Australian fund products.
It said the mandate built on the existing relationship between JCP, Northern Trust, and mutual institutional clients for which JCP act as investment manager.
JCP chief operating officer, Nancy Day said the company was pleased to appoint Northern Trust to service its wholesale funds and recently launched retail funds.
“We are confident in their ability to provide the strong operational support necessary to facilitate the delivery of high quality services to our clients,” she said.
Northern Trust head of global fund services for Asia-Pacific, Peter Jordan pointed to the firm’s growing fund manager client base in Australia and the requirement for an efficient operating platform.
“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,” he said.
