Northern Trust completes CSC implementation
Investment management administration specialist Northern Trust has successfully completed the implementation and integration of Commonwealth Superannuation Corporation (CSC) onto its technology platform.
Northern Trust, which was appointed to provide master custody and related services to the $26 billion CSC fund in late 2011, completed the transition of CSC's custody arrangements this month.
It followed on from Northern Trust also implementing a restructure of the ARIA Investment Trust.
Commenting on the development, Northern Trust Australia managing director Rohan Singh said he believed the company's ability to deliver a range of online services and provide clients such as CSC with access to data for exposure and transparency purposes represented a key to managing risk on a real-time basis.
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.
