Northern Trust wins GESB mandate

Western Australian public sector fund GESB has appointed Northern Trust to provide a range of services for its $20 billion super and retirement scheme.

Northern Trust will provide global custody, fund accounting, taxation, performance measurement and attribution and other related services.

GESB CEO Howard Rosario said the fund chose Northern Trust for its technology capacity and cultural fit.

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The appointment comes after a detailed review by GESB based on WA State procurement policies.

International consulting firm Thomas Murray helped with the review process.

GESB had previously appointed National Australia Bank's National Asset Services to provide it with the investment advisory services.

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