InvestorWeekly/
Bank of Taiwan appoints Northern Trust

Bank of Taiwan appoints Northern Trust

Bank of Taiwan and Northern Trust have entered into a strategic collaboration that will see the latter provide offshore global custody and asset servicing.


Institutional and government clients in Taiwan will be able to access Northern Trust’s global custody and asset servicing capabilities, a joint statement said.

Bank of Taiwan chairperson Catherine Jih-Chu Lee said: “Collaborating with Northern Trust as a global custodian provides interested institutional investors access to the benefits of a world-class global custodian, operating in multiple markets across the globe and with top-quality technology and asset servicing capabilities.”

“We are pleased to collaborate with them as they grow their footprint across the Asia-Pacific market,” Dr Lee added.

Northern Trust head of Asia Pacific William Mak said: “We are pleased to work with Bank of Taiwan whose strong expertise in asset servicing and local custody solutions and client service ethos fits well with our culture of service, expertise and integrity.”

Northern Trust is based in nine locations across the Asia Pacific – Australia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore and South Korea.

Related Articles

 

Bank of Taiwan appoints Northern Trust
investordaily image
ID logo
promoted stories

Appointments

David Cullen

AMP appoints new group general counsel

Reporter

Matt Brown

Australian Unity hires former ANZ Wealth exec

Reporter

Deanne Stewart

First State Super announces new CEO

Reporter

Analysis

investordaily image

Corporate governance and advocacy in China

Therese Niklasson

Dug Higgins

The shifting LIC landscape

Dug Higgins

investordaily image

The perils of chasing niche infrastructure

Frithjof van Zyp