Northern Trust Expands Three-Decade Partnership with Brandes to Support Australian Fund Launch
Northern Trust's expanded services for Brandes Investment Partners' new Australian fund demonstrates how long-term financial partnerships enable global market expansion and operational efficiency.
Northern Trust has expanded its fund services relationship with Brandes Investment Partners to support the launch of the Brandes Global Value Fund in Australia, providing global custody and fund administration services for the new Australian Unit Trust available to institutional and wholesale investors. This expansion builds upon a relationship that began in 1992 and has grown to encompass comprehensive services including global custody, fund accounting, transfer agency, foreign exchange, securities lending, and Equity Data Science capabilities.
The partnership expansion represents the deepening of a three-decade relationship that has evolved to support Brandes' global strategy. In 2024, Brandes converted seven U.S. mutual funds into the Northern Trust Datum One Series Trust, demonstrating the scalability of Northern Trust's solutions. Ryan Burns, Head of Global Fund Services, Americas at Northern Trust, emphasized that this expansion reflects the strength of their longstanding relationship and ability to support Brandes' evolving global distribution efforts with scalable, high-touch solutions.
Oliver Murray, Brandes CEO, noted that Northern Trust's scale, operational excellence, and high service standards have been instrumental in allowing Brandes to streamline its U.S. mutual fund business and efficiently enter the Australian market with its first Australian-domiciled mutual fund. The collaboration enables Brandes to leverage Northern Trust's comprehensive Asset Servicing solutions, which support complex investment strategies across all asset classes through services available at https://www.northerntrust.com.
The expansion into Australian fund services highlights the growing importance of global custody and administration partnerships in facilitating international market entry for investment firms. Northern Trust's Global Fund Services provides a complete suite of solutions that help investment managers navigate regulatory requirements and operational complexities when expanding into new markets, ensuring compliance with global standards as outlined in their terms and conditions at https://www.northerntrust.com/terms-and-conditions.
This development underscores how established financial services partnerships can provide the infrastructure necessary for investment firms to confidently expand their global footprint while maintaining operational efficiency and regulatory compliance across multiple jurisdictions.