JCP Investment Partners, an Australian asset manager, has appointed Northern Trust to provide custody and administration to its funds. The deal builds on an existing relationship between the two firms, which have institutional clients in common. “JCP is pleased to appoint Northern Trust to service our wholesale funds and recently launched retail funds,” said Nancy Day, chief operating officer, who said Northern Trust's local team and technology platform helped win it the mandate. JCP's products include Australian equity funds such as a Small Companies Long Short Strategy and a Benchmark Insensitive Strategy. Northern Trust, which has assets under custody of more than $7 trillion, offers a range of services to clients in Australia and New Zealand, including investment accounting and tax, unit registry services, investment operations outsourcing and specialised custody solutions. ©2017 funds global asia