Northern Trust Expands APAC Presence With First Institutional Client In Fiji
KUALA LUMPUR, Nov 14 (Bernama) -- Northern Trust 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 manages the retirement savings of Fijians in the workforce, according to Northern Trust in a statement.
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. 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,” said Northern Trust Head of Asia Pacific, Angelo Calvitto.
Meanwhile, FNPF Chief Investment Officer, Naibuka Saune said: "Our goal is to provide our members with the best experience, and that meant finding a partner who could offer more comprehensive custodial services.
“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 (APAC) in Beijing, Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune, Singapore, Sydney and Tokyo.
The company 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 customised asset servicing, asset management and capital markets solutions.
-- BERNAMA