QIC Taps Northern Trust For Middle Office

QIC has signed an investment operations outsourcing agreement with Northern Trust. Northern Trust will provide the Melbourne-based firm with unit pricing, registry, trade services, reconciliations, investment accounting, performance and risk analytics, post-trade compliance monitoring, client reporting, fee administration and billing.

"Outsourcing middle-office services will give QIC a flexible and scalable operational platform to support our local and global investment management activities," says QIC CEO Doug McTaggart. "We chose Northern Trust because of their depth and breadth of expertise in middle-office services and their ability to deliver what QIC is looking for."

QIC, which is one of Australia's largest asset managers with $55.9 billion under management, will continue to use NAB Asset Servicing for back-office services.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here