First Sentier Group has expanded its relationship with Northern Trust with the transition of two U.S. mutual funds to Northern Trust’s Datum One Series Trust. Through Datum One Series Trust, Northern Trust provides custody, fund accounting, fund administration, transfer agency, legal and regulatory support, and board governance services for First Sentier Group’s U.S. mutual funds. First Sentier, which is owned by Mitsubishi UFJ Trust and Banking Corporation, has c. USD137bn AuM.
First Sentier Group has worked with Northern Trust in the U.S. private funds market since 2006, with the relationship continuing to evolve to include middle office services, custody and fund administration services across multiple regions.