HONG KONG--(BUSINESS WIRE)--For the third consecutive year, Asia Asset Management has recognized Northern Trust for “Best Client Servicing in Asia-Pacific,” citing its commitment to personalized client service, integrated business intelligence, product innovation and customizable capabilities.
“We are tremendously gratified by continued recognition of our outstanding client service,” said Teresa A. Parker, Asia-Pacific CEO for Northern Trust. “Our investments in technology and expertise complement our locally delivered high-touch client service to enable the operational efficiency that institutional investors require. We help clients navigate complex regulatory and risk environments, which gives them added peace of mind.”
Asia Asset Management’s awards are designed to identify Asia’s finest performers, from financial services companies and institutional investors to service providers, whose influence and excellence extends beyond borders. Firms are recognized for their bold leadership in terms of innovation, service to clients, best practices and overall expertise. Specifically, Northern Trust was recognized for:
- Creating innovative products, including expansion of fund administration capabilities in Hong Kong
- Guiding clients through complex regulatory changes, including new rules for over-the-counter derivatives resulting from the Dodd Frank Act
- Providing clients with holistic data solutions across multiple streams to help them make informed decisions
“With ever evolving regulatory and reporting requirements, it is essential for service providers to remain consistent and proactive in their efforts,” said Tan Lee Hock, publisher and editor of Asia Asset Management. “Clients appreciate the high standard that Northern Trust sets for service delivery, including its engagement in thought leadership around key issues facing these global investors.”
Northern Trust has a large presence in Asia-Pacific, reflected by its strong relationships with some of the region’s largest central banks, sovereign wealth funds, government agencies, and corporations.
The Asia Asset Management awards will be presented at a gala dinner in Hong Kong in March. Winners will be profiled in the March issue of the magazine.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 18 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2013, Northern Trust had assets under custody of US$5.6 trillion, and assets under investment management of US$884.5 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.