Mutual Trust, an Australia-based multi-family office and wealth management firm, has selected Northern Trust to provide global custody services for a portfolio of international assets.
Mutual Trust chief operating officer for wealth management Andrew Wood said: "The appointment of Northern Trust perfectly complements our full service domestic custody business.
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"We have been providing direct global market exposure to clients for more than five years and are now in a position to increase our international offering, leveraging Northern Trust’s expertise and global reach."
"By working with Northern Trust, we extend our extensive capability of simplifying the complex investment administration needs of our family office and private wealth management clients and establish ourselves at the forefront in providing non-aligned, sophisticated wealth management solutions to our clients," he added.
Mutual Trust provides solutions to individuals, families, businesses and philanthropists, including strategic asset allocation, investment advice, portfolio management and administration, tax, accounting and superannuation, succession planning and intergenerational wealth transfer, asset protection and family office strategy, governance and operations.
Northern Trust head of global fund services for Asia-Pacific Peter Jordan said: "We see a continual shift towards diversified global investment strategies and this new partnership will enable Mutual Trust to maintain its focus on delivering innovative and integrated financial solutions to its Australian clients, whilst realizing the benefits of our global capabilities."
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