For the second consecutive year, Asia Asset Management has recognized Northern Trust with its "Best Client Servicing Award" in the magazine's "Best of the Best Awards" for the fund management industry in Asia. Northern Trust won the 2012 award based on product innovation, strategic investment in people and technology as well as service excellence.
"Client engagement is crucial to our success as a service provider in Asia, and this honor validates our efforts to work closely with clients delivering the best solutions for portfolio oversight and operational efficiency for institutional investors in the region," said Teresa A. Parker, Asia-Pacific CEO for Northern Trust. "Asia-Pacific is the fastest-growing global region for Northern Trust, as clients respond to our deep expertise in global custody, fund administration and asset management and the strength of our single, global operations platform."
Northern Trust innovations cited by Asia Asset Management include risk management tools to understand the impact of derivatives on a portfolio's performance and real-time access and report customization for fund of hedge funds. Increased staff in the region, client workshops and 'Strategic Sessions' on asset allocation and risk management topics and long-term client relationships were also cited in the award.
"Client servicing has taken on a new perspective in terms of higher reporting requirements and standards to meet the demands of regulatory regimes. It is an area in which the consistency of service delivery is critical, and is an essential metric in client retention," said Tan Lee Hock, publisher and editor of Asia Asset Management. "With its second consecutive award in this category, Northern Trust demonstrates the strength of an organization that understands the requirements of its clients and meets those needs in a proactive manner."
The 10th annual Asia Asset Management "Best of the Best" Awards will be presented today at a dinner event in Hong Kong. The regional award recognizes Northern Trust as a service provider whose influence and excellence extends beyond borders.
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 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2012, Northern Trust had assets under custody of US$4.8 trillion, and assets under investment management of US$758.9 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.