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The Asset Honors Northern Trust for Best Institutional Custody Specialist


KUALA LUMPUR, July 16 (Bernama) -- For the sixth consecutive year, The Asset has recognized Northern Trust for "Best Custody Specialist - Institutional" in the Triple A Asset Servicing awards, highlighting its commitment to high touch client servicing and its unique global operating model.

The Asset's awards recognize excellence in a variety of services for institutional investors and asset managers across the Asia-Pacific region, said a statement issued today in Singapore by the Chicago (US) based Northern Trust, a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide.

"Our global operating model ensures that we can service our clients across multiple time zones, assuring data consistency and reconciliation. It's a great honor to be recognized by The Asset in this category," said William Mak, head of Northern Trust in Asia-Pacific.

Award submissions are reviewed by The Asset's Board of Editors who collectively have several decades' worth of experience in evaluating industry awards in Asia.

"For the last 15 years, the Triple A awards have recognized excellence across the Asia-Pacific region," said Bayani Cruz, executive editor of The Asset. "This year's winners represent some of the most outstanding players in the financial services industry."

Northern Trust has an established network of seven offices across Asia-Pacific, most recently opening an office in Kuala Lumpur, Malaysia. It has strong relationships with some of the region's largest central banks, sovereign wealth funds, government agencies, and corporations and is a full-service provider to Asia-Pacific market, delivering a range of solutions for institutional clients; including investment accounting and tax, unit registry services, investment operations outsourcing, and specialized custody solutions.

Earlier this year, Northern Trust announced that for the third consecutive year, Asia Asset Management had recognized it for "Best Client Servicing in Asia-Pacific," citing its commitment to personalized client service, integrated business intelligence, product innovation and customizable capabilities.

--BERNAMA




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