Northern Trust, a company based overseas, has been chosen by the Fiji National Provident Fund (FNPF) to deliver custody services. This partnership highlights Northern Trust’s extensive network across the Asia Pacific region, with offices located in major cities such as Beijing, Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune, Singapore, Sydney, and Tokyo.
FNPF’s Chief Investment Officer, Naibuka Saune, emphasized the fund’s mission to enhance member experience by partnering with Northern Trust for comprehensive custodial services. He noted that this collaboration allows the fund to concentrate on its core investment activities while Northern Trust handles their custody requirements.
Angelo Calvitto, head of Northern Trust in Asia Pacific, conveyed that this new relationship with FNPF signifies a key development in their commitment to the region. He highlighted the company’s ability to customize its array of services and deepen its capabilities to align with FNPF’s distinct needs, thereby earning their trust. Looking ahead, Calvitto expressed a commitment to provide more integrated and cooperative solutions that support FNPF’s growth and foster a long-term partnership.
This partnership not only offers FNPF enhanced custodial services, but it also represents a strategic move for Northern Trust to solidify its presence in the Asia Pacific, potentially benefiting both parties and their stakeholders in the long run.
Overall, this collaboration stands to strengthen the financial stability and investment opportunities for FNPF’s members, paving the way for future growth trajectories.
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