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NTRSBullishCorporate Developmentsnews

Medium materiality6/10

Northern Trust expands Singapore fund administration with First Sentier

Aug 12, 2026, 10:03 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Adds a meaningful, recurring-revenue stream via fund administration; supports NT's global scale narrative, though immediate financials are not disclosed.

AI summary

What happened, with direct paths to the underlying reporting

Northern Trust announced an expanded mandate to serve as fund administrator for First Sentier Investors Global Growth Funds in Singapore, including custody, fund accounting and transfer agency. The move deepens a long-standing global relationship and broadens NT's Asia-Pacific servicing footprint, potentially boosting recurring fee income and cross-border scale over time.

NT expanded mandate to fund administration for First Sentier's Singapore funds.
Scope includes custody, fund accounting, and transfer agency services.
Relationship between NT and First Sentier began in 2006.
As of 6/30/2026, NT AUA US$20.0T and AUM US$2.0T.
Singapore transition aims for scalable, resilient client servicing in APAC.

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