Northern Trust today announced an expansion of its relationship with Brandes Investment Partners (Asia) Pte Ltd, part of the Brandes group of companies, to support the launch of the Brandes Global Value Fund in Australia. The fund, an Australian Unit Trust, is available to Australian institutional and wholesale investors. Northern Trust will provide global custody and fund administration servicing for the new fund.
Brandes, founded in 1974 and based in California, is a leading investment advisory firm specializing in global equity and fixed-income assets with a commitment to value investing. The firm has been a Northern Trust client since 1992, and the relationship has grown to encompass a range of services including global custody, fund accounting and administration, transfer agency, foreign exchange, securities lending, and Equity Data Science (EDS) capabilities for Brandes’ mutual funds and institutional funds in the U.S. In 2024, Brandes converted seven U.S. mutual funds into the Northern Trust Datum One Series Trust.
Ryan Burns, Head of Global Fund Services, Americas, Northern Trust, said: “This expansion reflects the strength of our longstanding relationship with Brandes and our ability to support their evolving global strategy. From integrating their U.S. mutual funds into our Datum One Series Trust to supporting their entry into the APAC market with the launch of an Australian Unit Trust, we’re proud to deliver scalable, high-touch solutions that help Brandes grow with confidence in their distribution efforts across the globe.”
Oliver Murray, Brandes CEO, said: “Northern Trust has been a trusted provider to Brandes for over 30 years. We value the relationship deeply and appreciate their scale, operational excellence, and high service standards. Working with Northern Trust has allowed us to further streamline our U.S. Mutual Fund business via Datum One Series Trust and to efficiently enter a new market for us with the launch of our first Australian domiciled mutual fund.”
Northern Trust’s Global Fund Services provides a complete suite of asset servicing solutions including fund administration, global custody, investment operations outsourcing, and data solutions, supporting a range of complex investment strategies across all asset classes.
This expansion highlights the growing demand for cross-border fund distribution and the importance of reliable asset servicing partners. For Brandes, the move into the Australian market represents a strategic step to diversify its investor base. For Northern Trust, it underscores its ability to support asset managers in expanding their global footprint, leveraging its extensive infrastructure and expertise in the Asia-Pacific region.
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management, and banking. As of June 30, 2025, Northern Trust had assets under custody/administration of US$18.1 trillion and assets under management of US$1.7 trillion. More information is available at northerntrust.com.
