Commonwealth Superannuation Corp. (CSC) has selected Northern Trust to provide a full range of master custody and related services, Financial Standard reports. Effectively from next year, Northern Trust will become the custodian’s first full service super fund customer.
Northern Trust will offer global custody, unit pricing, tax and financial reporting and investment risk and analytical services to the newly-formed $24 billion CSC. CSC is the joint venture of Australian Reward Investment Alliance and MilitarySuper boards, and the Defence Force Retirement and Death Benefits Authority.
Click here for the story from Financial Standard.