Automic Group launches full-service fund admin, custody platform

Automic Group has launched its enhanced fund administration and custody platform to deliver an automated and scalable operating model for fund managers, supported by Northern Trust.

The purpose-built capability automates critical fund administration processes through a connected ecosystem spanning custody, trade processing, corporate actions, investment accounting, tax and investor administration.

The single data layer and scalable technology solution provides fund managers with automated access to dedicated local operational expertise and support, while retaining custody capabilities.

It also offers end-to-end coverage across a wide range of fund types and asset classes, globally, and is exportable to other international markets, Automic said, resulting in faster processing, improved data integrity, embedded controls and greater transparency across the fund administration lifecycle.

The new offering builds on its established platform, connecting fund administration and custody in a unified operating model, which is supported by Northern Trust.

Automic Group chief executive Mal McHutchison explained the new offering eliminates the "traditional fragmentation" the industry possesses.

"Today marks an important milestone for Automic as we introduce our enhanced purpose-built fund administration capability, further expanding upon Automic's institutional-grade company and fund registry and employee share plan offering," McHutchison said.

"Automic's fund administration capability is delivered through its proprietary technology platform and supported by our market expertise together with Northern Trust's global custody infrastructure, to create a complete and connected operating model.

"Our end-to-end capability gives fund managers confidence in a full-service solution that eliminates the traditional fragmentation across registry, administration and custody services."

Northern Trust head of Australia and New Zealand Leon Stavrou said he is pleased to support Automic's expansion of its services.

"By connecting Automic's innovative platform with Northern Trust's global custody network and foreign exchange capabilities, this model delivers a scalable solution that helps managers access institutional-grade infrastructure while maintaining a strong local service experience," Stavrou said.

"The collaboration reflects our shared commitment to supporting the evolving needs of Australia's investment industry."

Founded in 2015, Automic Group is an Australian registry, fund administration and investor services provider, currently supporting more than 120 fund managers across 850 listed and unlisted funds across the region, representing about $100 billion in assets under administration.

The company was acquired by private equity investor Advent International in September 2025.

"We see strong alignment between Automic Group and Adventʼs investment philosophy. We have identified a high-quality business in one of Adventʼs key sectors: business and financial services. We are confident we can deliver significant value creation by applying our hands-on, in-market and global operational expertise," Advent managing director and head of Australia and New Zealand Beau Dixon said at the time.

"We are pleased to be making our first acquisition since opening Adventʼs Sydney office, and we look forward to working closely with Automic Group's management team to support its next phase of growth."