KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) today extended its presence in the Asia-Pacific region with the opening of a Malaysia Representative Office to support current institutional clients and develop Northern Trust’s businesses in Malaysia and the region.
The Representative Office in Kuala Lumpur will be led by Chief Representative Ariani Rustam, who joined from Bank Negara Malaysia, the country’s central bank. Northern Trust celebrated the official opening of its office today with an event for regulators, clients and industry peers.
“Malaysia is a dynamic country with a growing economy and increasing global investment, presenting an opportunity for growth in the services that we offer to large, sophisticated institutional investors,” said William L. Morrison, President and Chief Operating Officer of Northern Trust. “We are pleased to establish a local presence in this important market.”
Northern Trust has provided global custody and related services to Malaysian clients since 2009, leveraging its global operating model with centers of expertise in Singapore, Bangalore, London and Chicago. As Chief Representative in Malaysia, Ariani will coordinate relationship building in key financial segments such as sovereign entities, government agencies, pension funds and insurance funds.
Ariani comes to Northern Trust after 12 years at the Bank Negara Malaysia, where she has been a senior executive in risk management, operations, quantitative analytics and, for the last five years, manager of the External Fund Management division, where she led the introduction of new asset classes to diversify the investment of the bank’s reserves. She earned a Bachelor’s degree in Government and Economics from the London School of Economics and a Master’s degree in Economic Policy from Columbia University in New York.
“Ariani Rustam’s experience in Malaysia’s financial system and her expertise in global investing and operations will be valuable to Northern Trust and our clients as we collaborate to further develop Malaysia as a financial hub,” said Teresa Parker, head of the Asia-Pacific region for Northern Trust. “Malaysia is pivotal growth market for Northern Trust’s expansion in Asia Pacific and we are delighted to open this office under Ariani’s leadership.”
Asia-Pacific is the fastest-growing global region for Northern Trust, with assets under custody growing at an annual rate of 26 percent from 2008 through 2013, and assets under management growing by 15 percent annually over that five-year period. Northern Trust also continues to win industry recognition, including the “Global Custodian of the Year” award in 2014 from Central Banking magazine, the “Best Client Servicing Award” from Asia Asset Management magazine in 2014, “Top Rated Global Custodian in Asia-Pacific” by Global Custodian and “Best Custody Specialist” from The Asset in 2013.
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.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures