LeavePlus Appoints Northern Trust as Asset Servicing Provider
Northern Trust has been appointed by LeavePlus, Victoria's portable long service leave scheme for the construction industry, to provide global custody, fund administration and compliance services. LeavePlus manages approximately AUD$2.6 billion (US$1.8 billion) for more than 30,000 employers covering over 290,000 workers, and the mandate adds custody scale for increasingly complex portfolios including private markets and derivatives.
Key figures
- Eligible workers
- 290000
- Employers supported
- 30000
- Client assets managed
- AUD$2.6 billion (US$1.8 billion)
- Assets under management
- US$2.0 trillion
- Assets under custody administration
- US$19.9 trillion
AI analysis
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