Energy Industries Superannuation Scheme (EISS) has appointed Northern Trust to provide a full range of master custody and related services to the fund.
Northern Trust is a full-service provider to the Australian and New Zealand market and provides Australian investment accounting and tax, unit registry services, investment operations outsourcing, and specialised custody solutions.
“The appointment follows a detailed search and due diligence across the major custodians in Australia,” EISS CEO Alexander Hutchison said.
“The custodian is a key strategic partner in the provision of services for the fund, and competition in this space has significantly increased over the past few years.”
EISS hired Northern Trust for its technology systems and global operating model, EISS said.
