1. Northern Trust wins AU$1.5bn global custody and valuation deal with Generation Life. 2. Contract boosts recurring asset management fees and reinforces NTRS service reputation.
The win adds stable, recurring fee revenue and bolsters Northern Trust’s asset management credentials, similar to past contract wins that positively affected fee incomes.
Securing AU$1.5bn in assets under custody enhances recurring revenue streams and market reputation, positively influencing NTRS over time.
Custody deals often provide multi-year recurring revenue streams, strengthening long-term financial performance, as seen in similar industry contracts.