US wealth management firm Northern Trust has continued building out its presence in the Asia Pacific by opening an new Indian office.
Northern Trust announced that it will expand its presence in the Asia Pacific by opening an office in Pune, India.
Northern Trust chairman and chief executive Frederick Waddell said: "India offers a growing talent pool of highly educated individuals and the Pune office will play a key role in supporting our clients in the Asia-Pacific region, enabling us to offer them support across time zones."
The new office, part of Northern Operating Services Private Limited (NOSPL), is an addition to the firm's existing operations in Bangalore. It is expected to grow to more than 500 employees within two years.
NOSPL India head Mosur Saisekar said: "We are pleased to continue the expansion of our operations in India.
"This latest expansion in Pune will further drive growth and presence in the region, ensuring we are well positioned to continue to support Northern Trust's clients."
The office is expected to open in July 2016.
Asset managers are set to experience rough tides in the next few years, with the US and Europe to adopt quantitative tightening, according t...
Global credit investment manager Bentham Asset Management has added the Bentham Asset Backed Securities Fund to the ASX mFund Settlement Ser...
A dedicated renewable energy fund has raised over $150 million to bring its fund size to $540 million. ...