MEDIA RELEASE PR38724
Northern Trust Named 'Best Custody Specialist in Asia'
CHICAGO and SINGAPORE, Mar. 12 /PRNewswire-AsiaNet/ --
2010 Marks Second Consecutive Win in The Asset Magazine Awards
Northern Trust has been named "Best Custody Specialist" for a second consecutive year by The Asset magazine in its
Triple A Securities & Fund Services Awards for 2010. The award recognizes Northern Trust's "leading role in the
development of the custody industry" and continued growth in the Asia-Pacific region, where assets under custody grew 70
percent in the first nine months of 2009.
"Northern Trust's innovative solutions and continued investment in the infrastructure that delivers superior servicing and
technology has solidified its reputation as best global custodian to premier institutional investors in the region," said Daniel
Yu, editor in chief of The Asset. "The company's commitment to transparency, leading edge reporting and risk monitoring
has proven significant for investors in the past year."
The Asset Triple A Securities & Fund Services Awards recognize excellence in Asia's financial services industry. The
board of editors has developed a thorough approach to selecting the best banks in each category. The "Best Custody
Specialist" award is based on mandates won, successful implementations, year-on-year growth in volume and initiatives in
technology that set the institution apart from its competitors.
The following features were important to Northern Trust's award:
- Enhancing online exposure reporting tools to provide clients with expanded options for monitoring exposure to multiple
types of risk, including credit, liquidity, concentration and regulatory risk;
- Pioneering online data management solutions for fund of hedge funds managers;
- Continued investment in technology - projected to spend USD1.8 billion between 2010 and 2012.
"Receiving this award for a second consecutive year validates our focus on the Asia-Pacific region as a growth market,"
said Teresa Parker, Asia-Pacific region CEO for Northern Trust. "Northern Trust will continue to develop our reputation as
a global custodian to some of the biggest and most sophisticated investors in the Asia-Pacific region."
Northern Trust clients in the region played a key role in securing the custody specialist award. Testimonials from clients
included:
-- "Northern Trust has been the custodian of NKF's investment
portfolios for many years. We have stayed with Northern Trust for so
long as we are deeply impressed by their top quality service,
excellent business expertise, and world class technology. We can
always have the peace of mind knowing for sure that our funds are in
good hands."
-- Florence Zhang, Manager-Finance, National Kidney Foundation
(Singapore)
-- Over the two years since assuming the role, we have been very
impressed with the high level of professionalism demonstrated by
Northern Trust, which began at the tender and has continued through
transition and into the ongoing provision of high quality operational
processes. Northern Trust continue to meet or exceed our expectations
for ongoing service delivery and commitment to customer service."
-- Philip Combes, Treasurer, New Zealand Debt Management Office.
The Asset is the leading finance publication for Asian corporate and global investors active in the region.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund
administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide.
Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations
in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2009, Northern Trust had
assets under custody of US$3.7 trillion, and assets under investment management of US$627.2 billion. For 120 years,
Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative
The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is
regulated by the Australian Prudential Regulation Authority.
The Northern Trust Company of Hong Kong Limited is a securities company regulated by the Securities and Futures
Commission.
The Northern Trust Company has a Singapore Branch which is a foreign wholesale bank regulated by the Monetary
Authority of Singapore.
The Northern Trust Company operates in China as a Representative Office and is regulated by the China Banking
Regulatory Commission.
Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency.
Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, Northern Trust Fiduciary
Company (Guernsey) Limited and Northern Trust International Fund Administration Services (Guernsey) Limited are
licensed by the Guernsey Financial Services Commission.
Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey)
Limited are regulated by the Jersey Financial Services Commission.
Northern Trust International Fund Administration Services (Ireland) Limited and Northern Trust Fiduciary Services
(Ireland) Limited are regulated by the Financial Regulator.
Northern Trust Global Services Limited has a Netherlands Branch which is authorised and regulated in the Netherlands
by De Nederlandsche Bank.
Northern Trust Global Services Limited has a Luxembourg Branch which is authorised and regulated by the Commission
de Surveillance du Secteur Financier (CSSF).
Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur
Financier (CSSF).
Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008
which is authorised and regulated by the Central Bank of the United Arab Emirates.
The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an
authorized foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the
wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans
Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by
the Canada Deposit Insurance Corporation.
Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to
regulation by the Finansinspektionen.
SOURCE: Northern Trust Corporation
CONTACT: North America & Asia-Pacific, John O'Connell,
+1-312-444-2388,
John_O'Connell@ntrs.com, or
EMEA, Camilla Greene,
+44 (0) 207-982-2176,
Camilla_Greene@ntrs.com, both of Northern Trust Corporation
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