Melbourne, Australia – (COMMERCIAL THREAD) – Northern Trust (Nasdaq: NTRS) has been appointed to provide a broad range of asset services to Pendal Group Limited (Pendal) in Australia, UK and Ireland. Northern Trust has also extended the number of existing services it provides to Pendal’s US operations.

The appointment by Pendal, a global investment manager with funds under management of AU $ 139.2 billion (approximately US $ 104.4 billion), covers its wholly owned subsidiary JO Hambro Capital Management (JOHCM) in America North and Europe as well as its Australian operations.

Northern Trust has provided fund administration, regulatory administration, global custody and transfer agency services to JOHCM since inception of its first mutual fund offering in the United States in 2009. This mandate will be now expanded to include global custody, fund accounting, financial and regulatory reporting, collateral management, and foreign exchange and middle-office services across all of Pendal’s activities.

Nicholas Good, CEO of Pendal said, “Northern Trust has been providing high quality service to our US business for over a decade now. They have a clear partnership approach and a distinct service orientation from their peers. We have conducted an extensive RFP and due diligence process and as a result we are pleased to continue to develop our partnership with the asset management business of Northern Trust. Their extensive service offering will allow us to consolidate the number of suppliers we have across the company, thereby simplifying our operating platform and standardizing a number of our key processes.

Pete Cherecwich, President of Northern Trust for Business and Institutional Services said: “We are delighted to see the expansion of our global partnership with Pendal to include their operations in Australia, UK and Ireland. This mandate underlines the value of our global operating model and emphasizes supporting our clients around the world, regardless of the markets in which they operate.

North Trust Global Fund Services (GFS) provides fund administration, global custody, custodian, investment operations outsourcing and income enhancement solutions to global investment managers, supporting a broad range of investment strategies. complex investments in all asset classes. GFS is part of Northern Trust Entire Desktop ™ strategy. Northern Trust Whole Office is an advanced open architecture, multi-asset class solution serving a variety of market players including asset managers, asset owners, investors and third party administrators. By integrating a proprietary architecture with innovative partners, Northern Trust Whole Office facilitates client access to new technologies and capabilities across the spectrum of strategy and trading, operational, data and digital and analytics solutions.

About Pendal

Pendal is an independent global investment manager focused on delivering superior investment returns for clients through active management. Pendal manages AU $ 139.2 billion of FUM (as of September 30, 2021) through JO Hambro, Europe, UK and Asia; JOHCM United States; Pendal Australia; Regnan and Thompson, Siegel & Walmsley (TSW).

Pendal operates a multi-boutique style business in a global marketplace with a meritocratic, investment-driven culture. Its experienced and long-standing fund managers have the autonomy to deliver a wide range of investment strategies with strong conviction, based on an investment philosophy that fosters success from a diversity of ideas and investment approaches.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset services, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2021, Northern Trust had assets under custody / administration of US $ 15.8 trillion and assets under management of US $ 1.5 trillion. For more than 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, head office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA. Please read our global and regulatory information.