Fiji National Provident Fund (FNPF) has announced its partnership with Northern Trust, a leading overseas company, to provide custody services. This collaboration is expected to enhance FNPF’s ability to serve its members by leveraging Northern Trust’s extensive expertise.
Northern Trust boasts a strong presence throughout the Asia Pacific region, with offices in key cities including Beijing, Hong Kong, Melbourne, and Tokyo. The partnership aims to allow FNPF to concentrate more on its core investment activities while Northern Trust manages its custody requirements.
FNPF’s Chief Investment Officer, Naibuka Saune, expressed that the selection of Northern Trust was driven by the need for comprehensive custodial services. He emphasized that this partnership will enable FNPF to provide an enhanced experience for its members.
Angelo Calvitto, Northern Trust’s head of Asia Pacific, highlighted that this collaboration signifies a significant milestone in their dedication to the region. He stressed that the firm’s ability to customize their offerings to meet the unique demands of FNPF played a key role in building this trusted relationship.
Looking ahead, both organizations are committed to developing collaborative solutions that will support FNPF’s growth, reinforcing their long-term partnership and striving for success together.
This partnership not only represents a significant step for FNPF but also highlights Northern Trust’s expanding influence in the Asia Pacific region. The collaboration is seen as a promising opportunity for both organizations to achieve their respective goals, ultimately benefiting the members of FNPF.
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