Commonwealth Superannuation Corporation (CSC), the US$40 billion Australian Government employee and Australian Defence Force pension fund, has endorsed Northern Trust to remain as its preferred partner for the provision of master custody and related investment administration services.

This endorsement marks 5 years since Northern Trust was appointed as the preferred partner for CSC in October 2011. Upon initial appointment CSC was Northern Trust’s first full service master custody and related investment administration services client in the Australian superannuation industry.

“Over the past 5 years, we have worked closely to ensure we collectively raise the bar for global best practice in investment operations. This endorsement supports CSC’s strategic investment operational goals of automation, efficiency, robustness and transparency,” comments Peter Carrigy-Ryan, chief executive officer of CSC.