HONG KONG--(BUSINESS WIRE)--Hong Kong Baptist University has appointed Northern Trust (Nasdaq: NTRS) to provide global custody and accounting services for its endowment. Founded in 1956, Hong Kong Baptist University is a Hong Kong-based fully-funded public tertiary education institution.
“The university segment is strategically important for us and we look forward to building a close relationship with the Hong Kong Baptist University,” said Michael Wu, country executive for Greater China at Northern Trust. “We are committed to supporting investment activity for tertiary institutions globally, allowing them to focus their attention on running schools and providing education.”
“Endowments are a growing segment in the Asia-Pacific (APAC) region and there is an increasing need for more timely, accurate and granular reporting. Northern Trust’s strong and robust technology platform, combined with our experience of dealing with academic institutions ensures we are well placed to support the university in achieving its investment objectives,” Wu added.
Northern Trust has an established network of 11 offices across APAC - in Australia, China, Hong Kong, India, Japan, Malaysia, Philippines, Singapore and South Korea. It has strong relationships with some of the region’s largest central banks, sovereign wealth funds, government agencies and corporations, offering a comprehensive range of customized asset servicing, asset management and capital markets solutions.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2018, Northern Trust had assets under custody/administration of US$10.8 trillion, and assets under management of US$1.2 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit 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 https://www.northerntrust.com/disclosures.