Northern Trust expands footprint across the Asia Pacific region with first institutional client in Fiji

SINGAPORE--(BUSINESS WIRE)--Nov. 13, 2024-- Northern 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).

As 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.

“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.”

"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.”

Northern 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.

About Northern Trust

Northern 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, the Middle East and the Asia-Pacific region. As of September 30, 2024, Northern Trust had assets under custody/administration of US$17.4 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust or Northern Trust Corporation on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

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Europe, Middle East, Africa & Asia-Pacific:
Camilla Greene
+44 (0) 20 7982 2176
Camilla_Greene@ntrs.com

Simon Ansell
+ 44 (0) 20 7982 1016
Simon_Ansell@ntrs.com

US & Canada:
John O’Connell
+1 312 444 2388
John_O’Connell@ntrs.com

Source: Northern Trust