US custodian bank Northern Trust Corporation has won an investment service mandate from Igneo Infrastructure Partners, a unit of Australia’s First Sentier Investment Group.
Igneo invests in renewables, digital infrastructure, waste management, water utilities, and the transportation and logistics sectors. The Sydney-based firm manages US$20 billion of assets on behalf of over 200 investors globally.
Northern Trust will provide Igneo with comprehensive private capital administration services, including fund administration, data management and global custody investment operations, the custodian bank says in a statement on February 5.
It will also provide transfer agency, investor servicing and other solutions for Igneo’s funds domiciled in Australia, Cayman Islands, Luxembourg and the US.
“Northern Trust supports their end-to-end operating model by driving automation across the lifecycle of [Igneo’s] funds, helping to mitigate risk and enhance efficiency to deliver a consistent approach that enables investor oversight,” says Clive Bellows, Northern Trust’s president for Europe, the Middle East and Africa.
Chicago-based Northern Trust had $16.8 trillion of assets under custody and/or administration as of December 2024.
