Northern Trust secures infrastructure asset | Australian Markets

Northern Belief has secured one other partnership with Igneo Infrastructure Companions, the underlying infrastructure investment group at First Sentier Buyers Group, to supply asset servicing options.

As half of the deal, Northern Belief has been designated as Igneo’s international personal capital administration associate, answerable for delivering a selection of companies throughout the supervisor’s funds domiciled in Australia, the Cayman Islands, Luxembourg and the US.

The companies on offer embrace fund administration, investor servicing and switch company, company secretarial and depository companies.

“This partnership marks a significant milestone for Northern Trust in Australia, enabling us to provide our clients with comprehensive private capital administration services,” Leon Stavrou, Head of Australia and New Zealand at Northern Belief, stated.

“By expanding our offerings, we can better meet our clients’ growing needs, especially those who want to tap into private markets. This collaboration demonstrates our ongoing commitment to providing innovative solutions.”

Igneo specialises in investments throughout renewables, digital infrastructure, waste management, water utilities, transportation and logistics in Europe, the UK, Australia, New Zealand and North America.

“Northern Trust’s selection as Igneo’s outsourced administration provider supports our requirement for a strong, well-established global
capability in administering alternative assets, with the system architecture for enabling extensive oversight of our investment portfolio,” Niall Mills, Managing Companion and International Head at Igneo, stated.

“Additionally, its capabilities to automate administration processes to deliver high-quality investor servicing experiences were key factors in this appointment.”

The choice of Northern Belief adopted a review of different third-party different administration service suppliers, in keeping with Igneo.

“We are delighted to be providing this comprehensive set of global solutions supporting Igneo’s funds and investors,” Clive Bellows, Head of International Non-public Capital Administration and President, EMEA at Northern Belief, stated.

“As a dedicated solutions provider for managers of private capital, Northern Trust supports their end-to-end operating model by driving automation across the lifecycle of their funds, helping to mitigate risk and enhance efficiency to deliver a consistent approach that enables investor oversight.”