Government Employees Superannuation Board, Perth, Australia, hired Northern Trust as global custodian, spokeswoman Christine Page said in an e-mail.
Northern Trust will provide fund accounting, taxation, performance measurement and attribution, among other services for the A$20 billion (US$15.9 billion) superannuation fund.
A request for tenders was issued in late 2013 because the contract of the incumbent provider — National Asset Services, a division of the National Australia Bank — was due to expire, Ms. Page wrote.
It could not be learned by press time whether National Asset Services rebid.