Northern Trust and Bank of Taiwan have teamed up to offer institutional investors in Taiwan access to a service combining Bank of Taiwan’s local expertise and Northern Trust’s global custody and asset servicing capabilities.
Under the terms of the memorandum of understanding, Northern Trust will provide offshore global custody and asset servicing solutions for select institutional and governmental clients in Taiwan.
“Collaborating with Northern Trust as a global custodian provides interested institutional investors access to the benefits of a world-class global custodian, operating in multiple markets across the globe and with top-quality technology and asset servicing capabilities,” said Dr. Jih-Chu Lee, chairperson Bank of Taiwan. “We are pleased to collaborate with them as they grow their footprint across the Asia-Pacific market.”
“Asia-Pacific is the fastest growing region for Northern Trust and we see significant opportunities to bring our global capabilities to Taiwan,” said William Mak, head of Northern Trust in Asia-Pacific. “We are pleased to work with Bank of Taiwan whose strong expertise in asset servicing and local custody solutions and client service ethos fits well with our culture of service, expertise and integrity.”
Northern Trust and Bank of Taiwan Sign MoU
Northern Trust and Bank of Taiwan have teamed up to offer institutional investors in Taiwan access to a service combining Bank of Taiwan’s local expertise and Northern Trust’s global custody and asset servicing capabilities.