Commonwealth Super hires Northern Trust for custody

AUSTRALIA - The A$24bn Commonwealth Superannuation Corporation has hired Northern Trust as custodian, marking the firm's first full-service master custody client in Australia.

"This appointment follows a detailed search and extensive due diligence on several major providers of custodian services in Australia," said CSC's chief executive officer, Peter Carrigy-Ryan. "CSC regards...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Industry

The report also found 25% would consider a CDC master trust for both accumulation and decumulation

CDC support grows; one fifth of businesses considering use

The ACA said interest in CDC is growing, spurred by the Royal Mail CDC scheme

Holly Roach
clock 06 December 2021 • 2 min read
Tender Watch: Isio, XPS and Mercer win contracts

Tender Watch: Isio, XPS and Mercer win contracts

Isio will support Birmingham Uni, Mercer aids Solent Uni, and XPS hired for Northants Police

Professional Pensions
clock 06 December 2021 • 1 min read
Hope William-Smith looks at the year ahead for professional trustees

2022: Another year in the hot seat

Professional trustees are expecting governance and regulation to dominate the new year

Hope William-Smith
clock 06 December 2021 • 12 min read
Trustpilot