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.
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