Northern Trust has been awarded the title of “Best Custodian in Asia Pacific” by Asia Asset Management magazine in its 2007 annual “Best of the Best” awards.
The awards, which are now in their fifth year, are split into three categories namely, Best of Best Performance Awards, Best of Best Country Awards, and Best of Best Regional Awards.
“This years awards saw the addition of new categories in recognition of the growth of the industry. Pensions are a major concern all over the world, and these awards are an excellent platform to recognise various companies exemplary contributions to servicing the specific requirements of the institutional marketplace. This is the second time Northern Trust has won this particular award and we commend them on their sustained success,” says Tan Lee Hock, editor, Asia Asset Management.
“Over the past two years we have more than doubled our assets under custody in the region and remain committed to developing and expanding in the APAC region during 2008. Our client-centric approach combined with experience and our focus on innovation and product development is paramount to our success and we are delighted to receive this prestigious award,” adds Gregg Behrens, head, Northern Trust in APAC.
Northern Trust won two headline custody mandates during 2007 namely, the AUD$51 billion Future Fund and the NZ$11.5 billion New Zealand Superannuation Fund. It also became the first global asset servicer to launch a Chinese-language internet portal, for institutional clients, and opened an office in Melbourne, Australia in line with its strategy of serving its clients as close to their home markets as possible.
Founded in 1995, Asia Asset Management is a monthly publication covering the institutional fund markets in the Asia Pacific region, and has an established and influential position within the APAC institutional marketplace. The Asia Asset Management Awards dinner will be held on Thursday 6 March 2008 in Hong Kong.