Northern Trust, an international financial services firm, has been chosen by the Fiji National Provident Fund (FNPF) to deliver custody services. This partnership was announced by Northern Trust and highlights the company’s significant investment in the Asia Pacific region, strengthened by its extensive network of offices in major cities, including Beijing, Sydney, and Singapore.
FNPF’s Chief Investment Officer, Naibuka Saune, emphasized the organization’s commitment to providing members with the best possible experience. He noted that by partnering with Northern Trust, FNPF can focus on its core investment activities while relying on Northern Trust to manage custody requirements effectively.
Angelo Calvitto, the head of Northern Trust for Asia Pacific, remarked that this collaboration represents a significant achievement for the firm within the region. He emphasized their ability to customize a broad range of services and capabilities to address the specific needs of FNPF, which has fostered mutual trust and confidence.
As the relationship develops, Northern Trust is dedicated to offering more integrated and collaborative solutions to support FNPF’s growth strategy, reinforcing their commitment as a reliable partner for sustainable success.
This partnership signifies a promising step forward for both organizations, enhancing their capabilities and contributing positively to the financial landscape in Fiji and the broader Asia Pacific region. It reflects a growing trend of international firms recognizing the value of local partnerships to foster growth and sustainability in emerging markets.
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