Northern Trust’s Singapore Branch Turns 30, Pledges Continued Investment

KUALA LUMPUR, Oct 29 (Bernama) -- Northern Trust, a wealth management, asset servicing, asset management and banking services provider, is celebrating the 30th anniversary of its Singapore branch, which it set up in 1996 to serve clients across Asia Pacific.

Northern Trust said in a statement it has continued to expand its support for asset owners, asset managers and family offices in the region. Recent milestones include the launch of its Singapore unit trust offering and the expansion of its asset management unit’s liquidity capabilities.

“For 30 years, Singapore has been a cornerstone of our Asia Pacific strategy and an important centre for serving clients across the region,” said Northern Trust country head of Singapore, Yen Leng Ong.

Meanwhile, Northern Trust head of Asia Pacific, Angelo Calvitto said Singapore remains one of the most important investment centres in the region, with opportunities to support clients as their operating models, distribution plans and regulatory requirements change.

Northern Trust’s asset servicing business provides services including custody, fund administration and securities lending, while its asset management arm offers institutional investors equity, fixed income, sustainable investing and liquidity solutions.

Its Global Family Office business, which set up its Asia Pacific base in Singapore in 2022, serves single family offices and private investment companies.

-- BERNAMA