UCA Funds Management has selected Northern Trust to provide global custody services for its range of Australian fund products.
UCA Funds Management, which has over A$970m in funds under management, provides investment options to charities, faith-based organisations and personal investors.
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UCA Funds Management CEO Michael Walsh said that the appointment brings the company one step closer to becoming the first Australian social enterprise to hold a responsible entity license.
Northern Trust head of global fund services for Asia-Pacific Peter Jordan said: "Northern Trust is pleased to work in partnership with our fund manager clients to support them through our global operating platform, combined with local expertise and service capabilities."
Northern Trust offers a range of solutions for institutional clients; including Australian investment accounting and tax, unit registry services, investment operations outsourcing, and specialized custody solutions.
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