Northern Trust Corporation has successfully completed the implementation and integration of Commonwealth Superannuation Corporation (CSC) onto its technology platform.
CSC was established in July 2011 following the merger between the Australian Reward Investment Alliance (ARIA) and the Military Superannuation and Benefits (MSB) board.
Northern Trust was appointed to provide master custody and related services to the $26 billion fund in late 2011.
It spent the past year completing the transition of CSC's custody arrangements and implementing a restructure of the ARIA Investment Trust.
Managing director of Northern Trust Australia Rohan Singh said, "Northern Trust's ability to deliver a range of online services and provide clients such as CSC with access to data for exposure and transparency purposes is key to managing risk on a real time basis."
Senior executive operations at CSC Leonie McCracken added that Northern Trust had provided CSC with a truly global asset servicing solution.
"The advantages of the service capabilities that we saw during the period of due diligence are being delivered," she said.
"Northern Trust's online web portal, Passport, assists CSC to manage daily operational risk in an automated manner. In addition, the fully integrated tax system is providing accurate and fully optimised tax reporting."
