GuideStone Selects Northern Trust for Mutual Fund Services
July 18 2017 - 10:50AM
Business Wire
Northern Trust announced today it has been selected to provide
fund accounting, fund administration and global custody services
for GuideStone Funds, a fund complex with more than $11 billion in
assets under management.
“Northern Trust’s mutual fund expertise and dedicated client
service, combined with an industry-leading global technology
platform, will provide strong support for our investment strategies
as well as our objectives,” said John Jones, President of
GuideStone Funds. “We’re happy to build on our relationship with
Northern Trust, which allows us to pursue excellence in active,
multi-manager investment strategies while maintaining the highest
level of service to our investors.”
The fund servicing mandate covers the GuideStone Funds family,
including 26 registered mutual funds with $11.6 billion in AUM as
of June 30, 2017. GuideStone Funds, the nation’s largest
Christian-screened mutual fund family, is part of GuideStone
Financial Resources, a leading financial services provider of
retirement, investment, executive benefit services, and property
and casualty, and life and health plans to Southern Baptist and
evangelical Christian churches, educational institutions and
ministry organizations.
“We are pleased by this appointment and eager to provide a full
suite of mutual fund services to the GuideStone family,” said Dan
Houlihan, head of Northern Trust Global Fund Services in North
America. "GuideStone is a large, complex and mission-driven asset
manager, and their selection of Northern Trust validates our
efforts to develop new technologies and recruit top talent to
deliver a more automated, client-centered service model to the U.S.
mutual fund market.”
Northern Trust's Global Fund Services unit provides fund
administration, global custody, and investment operations
outsourcing solutions to more than 650 asset managers across the
globe. It supports diverse fund structures across multiple
domiciles and jurisdictions and has expertise in traditional and
alternative investment vehicles.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has offices in the
United States in 19 states and Washington, D.C., and 22
international locations in Canada, Europe, the Middle East and the
Asia-Pacific region. As of March 31, 2017, Northern Trust had
assets under custody of US$7.1 trillion, and assets under
management of US$1 trillion. For more than 125 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit
northerntrust.com or follow us on Twitter @NorthernTrust.
© 2017 Northern Trust Corporation. Head Office: 50 South La
Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with
limited liability in the U.S. Products and services provided by
subsidiaries of Northern Trust Corporation may vary in different
markets and are offered in accordance with local regulation. For
legal and regulatory information about individual market offices,
visit northerntrust.com/disclosures.
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Northern TrustJohn O’Connell+1 312 444
2388John_O'Connell@ntrs.comhttp://www.northerntrust.com
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