Press release
Northern Trust Selected to Provide Custody Services to Fiji National Provident Fund
Northern Trust expands footprint across the Asia Pacific region with first institutional client in Fiji SINGAPORE--(BUSINESS WIRE)-- Northern Trust (Nasdaq:
About this update from Northern Trust Corporation
[{"type":"text","content":"\nNorthern Trust expands footprint across the Asia Pacific region with first institutional client in Fiji\n\n\n SINGAPORE--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) today announced it has been selected to provide custody services for Fiji’s sole compulsory Superannuation Fund, the Fiji National Provident Fund (FNPF).\n\n\nAs the only compulsory superannuation fund in Fiji, FNPF is responsible for managing the retirement savings of Fijians in the workforce. To achieve its investment objectives, FNPF adopts a multi-asset class approach, investing in a range of assets, from listed equities and fixed-income securities to private markets and real estate.\n\n\n“This win marks a major milestone in our commitment to the APAC region,” said Angelo Calvitto, Head of Asia Pacific, Northern Trust. “What sets Northern Trust apart is our ability to tailor our comprehensive range of services and extended capabilities to meet FNPF's unique needs, which helped earn the fund’s trust and confidence. Moving forward, we are committed to providing more holistic and collaborative solutions to support FNPF's growth, ensuring we remain a trusted partner for long-term success.”\n\n\n\"Our goal is to provide our members with the best experience, and that meant finding a partner who could offer more comprehensive custodial services,\" said Naibuka Saune, Chief Investment Officer of FNPF. “Northern Trust has proven to be that partner, allowing us to shift our focus to core investment activities while they handle our custody needs.”\n\n\nNorthern Trust has an established network of offices across Asia Pacific in Beijing, Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune, Singapore, Sydney and Tokyo. It has strong relationships with some of the region’s largest central banks, sovereign wealth funds, government agencies, corporations and asset managers, offering a comprehensive range of customized asset servicing, asset management and capital markets solutions.\n\n\nAbout Northern Trust\n\n\nNorthern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, ...