Financial advisors who outsource investment management activities to external providers overwhelmingly say their decision was greeted positively by clients and in most cases has led to business growth, according to a new study by Northern Trust.
Northern Trust (Nasdaq: NTRS) today extended its presence in the Asia-Pacific region with the opening of a Malaysia Representative Office to support current institutional clients and develop Northern Trusts businesses in Malaysia and the region.
Less than 30 percent of respondents to an independent survey* conducted on behalf of Northern Trust (Nasdaq: NTRS) on the state of the global insurance industry said they were not concerned about the ability of their current systems to meet their future regulatory requirements.
Northern Trust has been selected by the Energy Industries Superannuation Scheme (EISS) to provide a full range of master custody and related services to the AU$4.3 billion (approximately US$3.9 billion) fund.
To support the increasingly complex needs of ultra-high net worth families and their family offices and foundations, Northern Trust is expanding its global family offices team in London with two new appointments.
More than 50 percent of fund managers, prospective clients and consultants attending a recent Northern Trust (Nasdaq: NTRS) seminar on the European Unions Alternative Investment Fund Manager Directive (AIFMD) said they believed investors would still not be engaged in AIFMD considerations by December 2015.
Central Banking magazine, part of Incisive Media, has named Northern Trust its Global Custodian of the Year in its first awards recognizing excellence in the central banking community. The award was based on Northern Trusts excellence in asset servicing, client service, and execution around innovation and change.
For the third consecutive year, Asia Asset Management has recognized Northern Trust for Best Client Servicing in Asia-Pacific, citing its commitment to personalized client service, integrated business intelligence, product innovation and customizable capabilities.
Institutional plan sponsors saw the fifth consecutive year of positive returns in 2013, gaining almost 14 percent at the median year-over-year, according to data provided by the Northern Trust Universe.