Northern Trust, an overseas company, has been appointed by the Fiji National Provident Fund (FNPF) to deliver custody services. The announcement highlights a significant partnership aimed at enhancing the financial management capabilities of FNPF.
With a vast network throughout the Asia Pacific region, including cities such as Beijing, Hong Kong, and Sydney, Northern Trust brings extensive experience in custody services. FNPF’s Chief Investment Officer, Naibuka Saune, emphasized the importance of finding a partner that could provide a broad range of custodial services to enhance member experience. This collaboration allows FNPF to concentrate on its core investment strategies while Northern Trust manages their custody demands.
Angelo Calvitto, Northern Trust’s head for the Asia Pacific, expressed that this partnership represents a pivotal point in their commitment to the region. He noted that tailored solutions and a broad array of services are key factors that contributed to earning FNPF’s trust. Calvitto further committed to offering collaborative support aimed at facilitating FNPF’s growth and ensuring long-term success.
This partnership showcases a forward-looking approach, positioning both organizations for shared growth and success in the Asia Pacific financial landscape, ultimately benefiting FNPF members.
In summary, Northern Trust’s selection by the Fiji National Provident Fund marks an optimistic shift towards enhanced custodial services, empowering FNPF to focus on its core investments while ensuring its members receive the best service possible. This alliance not only highlights mutual trust but also the potential for sustainable development in financial management within the region.
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