Press release
Northern Trust Expands Fund Services Relationship with Brandes Investment Partners
Long-standing relationship facilitates expansion in APAC via new Australian fund CHICAGO--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) today announced an
About this update from Northern Trust Corporation
[{"type":"text","content":"\nLong-standing relationship facilitates expansion in APAC via new Australian fund\n\n\n CHICAGO--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) today announced an expansion of its relationship with Brandes Investment Partners (Asia) Pte Ltd, part of the Brandes group of companies that includes Brandes Investment Partners L.P. (“Brandes”) to support the launch of the Brandes Global Value Fund in Australia, with global custody and fund administration servicing.\n\n\nThe Brandes Global Value Fund is an Australian Unit Trust available to Australian institutional and wholesale investors. Founded in 1974, Brandes is a California-based leading investment advisory firm, specializing in managing global equity and fixed-income assets for clients worldwide with an unwavering commitment to value investing.\n\n\nBrandes has been a Northern Trust client since 1992, with the relationship growing over time to encompass a range of services, including global custody, fund accounting and administration, transfer agency, foreign exchange, securities lending and Equity Data Science (EDS) capabilities for Brandes’ mutual funds and institutional funds in the U.S. In 2024, Brandes converted seven U.S. mutual funds into the Northern Trust Datum One Series Trust.\n\n\nRyan Burns, Head of Global Fund Services, Americas, Northern Trust, said: “This expansion reflects the strength of our longstanding relationship with Brandes and our ability to support their evolving global strategy. From integrating their U.S. mutual funds into our Datum One Series Trust to supporting their entry into the APAC market with the launch of an Australian Unit Trust, we’re proud to deliver scalable, high-touch solutions that help Brandes grow with confidence in their distribution efforts across the globe.”\n\n\nOliver Murray, Brandes CEO, said: \"Northern Trust has been a trusted provider to Brandes for over 30 years. We value the relationship deeply and appreciate their scale, operational excellence, and high service standards. Working with Northern Trust has allowed us to further streamline our U.S. Mutual Fund business via Datum One Series Trust and to efficiently enter a new market for us with the launch of our first Australian domiciled mutual fund.\"\n\n\nNorthern Trust’s Global Fund Services provides a complete suite of Asset Servicing solutions including fund administ...