Northern Trust Extends Global Relationship with First Sentier Group through U.S. Mutual Fund Transition

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[{"type":"text","content":"\nGlobal asset manager moves U.S. mutual funds to Northern Trust’s Datum One Series Trust\n\n\n CHICAGO--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) today announced that First Sentier Group has transitioned two U.S. mutual funds onto Northern Trust’s Datum One Series Trust®, expanding the firms’ long‑standing global relationship and supporting First Sentier Group’s U.S. mutual fund strategy.\n\n\nThrough Datum One Series Trust, Northern Trust provides custody, fund accounting, fund administration, transfer agency, legal and regulatory support, and board governance services for First Sentier Group’s U.S. mutual funds.\n\n\nFirst Sentier Group is also leveraging Northern Trust to support consolidated oversight of fund operations across its global fund range.\n\n\nRyan Burns, head of Global Fund Services, Americas, Northern Trust, said: “This transition underscores the continued expansion of our U.S. mutual fund servicing capabilities. Datum One Series Trust offers global asset managers an efficient entry point into the U.S. mutual fund market, backed by Northern Trust’s history of delivery expertise and the breadth of our global servicing platform.”\n\n\nThe move represents an expansion of a broader global relationship between the firms. First Sentier Group has worked with Northern Trust in the U.S. private funds market since 2006, with the relationship continuing to evolve to include middle office services, custody and fund administration services across multiple regions.\n\n\nBachar Beaini, managing director, Americas, First Sentier Group added: “Northern Trust’s depth of U.S. mutual fund expertise and global operating experience were key factors that influenced our decision. We believe the combination of the series trust structure, and Northern Trust’s global custody capabilities and fund operating oversight, will enhance our mutual fund offerings while also enabling a cost‑effective solution for approaching the U.S. mutual fund market.”\n\n\nNorthern Trust’s Global Fund Services provides a complete suite of Asset Servicing solutions including fund administration, global custody, investment operations outsourcing and data solutions – supporting a range of complex investment strategies across the full spectrum of asset classes.\n\n\nAbout First Sentier Group\n\n\nFirst Sentier Group is a global asset management organisation...

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