Northern Trust, an international financial services company, has been chosen by the Fiji National Provident Fund (FNPF) to deliver custody services. This partnership was officially announced by Northern Trust, highlighting the importance of the agreement.
With a strong presence in the Asia Pacific region, Northern Trust operates offices in major cities including Beijing, Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune, Singapore, Sydney, and Tokyo.
FNPF’s Chief Investment Officer, Naibuka Saune, expressed that the organization’s mission is to enhance member experience, which necessitated a partner capable of offering extensive custodial services. Saune emphasized that Northern Trust has successfully become that partner, enabling FNPF to concentrate on its core investment activities while Northern Trust manages its custody requirements.
Angelo Calvitto, head of Northern Trust in Asia Pacific, noted that this collaboration signifies a critical step in their commitment within the region. He pointed out that Northern Trust stands out due to its ability to customize its comprehensive suite of services to fit FNPF’s specific needs, thereby securing the fund’s trust.
Going forward, Northern Trust aims to provide more integrated and collaborative solutions that will support the growth of FNPF, reinforcing their role as a dependable partner for long-term success.
This strategic partnership not only enhances the operational capabilities of FNPF but also fosters a valuable collaboration that can contribute to the financial well-being of its members. Such alliances are vital in today’s dynamic market, indicating a positive outlook for both organizations as they work towards shared growth and success.
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