Group Co.
GuideStone Selects Northern Trust for Mutual Fund Services
Traders Magazine Online News, July 25, 2017
Northern Trust announced 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.
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