Northern Trust Wins 'Best Client Servicing in Asia Pacific' Award From Asia Asset Management Magazine

CHICAGO and HONG KONG, Feb. 5 /PRNewswire/ -- Northern Trust was recognized for "Best Client Servicing in Asia Pacific" by Asia Asset Management for a second consecutive year, in the publication's seventh annual "Best of the Best" awards.

"This award reflects Northern Trust's innovation and commitment in the area of client servicing," said Tan Lee Hock, editor of Asia Asset Management. "While there were many highly qualified contenders for this year's client service award, where Northern Trust clearly led was in their demonstrated ability to offer the level of service and solutions that anticipated and answered client pain points in a very challenging environment."

Awards are split into categories of performance, country and regional.  "Best Client Servicing" was a regional award, based on 2009 achievements, delivery of quality service, size of the client, servicing team and location.  Submissions are vetted against these criteria by an experienced three person panel, comprising two external parties and Tan Lee Hock.

Northern Trust's 2009 client service highlights included:

• Dedicated workshops for clients on International Financial Reporting Standards;
• Innovative technology bringing leading edge reporting, risk monitoring, measurement and management to client portfolios;
• Pioneering online data management solutions for fund of hedge funds managers and investors.

"At Northern Trust, we strive to combine innovative thinking with discipline in client servicing," said Teresa Parker, Asia-Pacific region CEO for Northern Trust. "Our growth and commitment to the region have allowed us to create a comprehensive service for sophisticated institutions with the most stringent service requirements, such as sovereign wealth, central banks and government agencies."

Northern Trust's merits were articulated by clients in the region, including Lu Lan Fang, Director of Finance for APS Asset Management. "Northern Trust has demonstrated in-depth knowledge in the markets they support and complement its services with a human touch that distinguishes it from the rest. Having Northern Trust as our business partner, we are confident that our needs are well looked after," said Lu.

Chew-Mee Kirtland, managing director for Mornington Services PTE Ltd., also highlighted differentiators that put Northern Trust ahead of its peers.  "In 2007-2008, we embarked on a selection process to pick the best custodian for our needs.  After narrowing the field to four candidates, we decided on Northern Trust.  Our choice was based on Northern Trust's dedicated team of professionals in Singapore and a technological platform that surpassed those of the three other firms," said Kirtland.

Founded in 1995, Asia Asset Management is a monthly publication covering the institutional fund markets in the Asia Pacific region, and has an established and influential position within the APAC institutional marketplace.

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, 2009, Northern Trust had assets under custody of US$3.7 trillion, and assets under investment management of US$627.2 billion. For 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.

Northern Trust operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority.

Northern Trust in Hong Kong is a securities company regulated by the Securities and Futures Commission.

Northern Trust in Singapore is a foreign wholesale bank regulated by the Monetary Authority of Singapore.

Northern Trust operates in China as a Representative Office and is regulated by the China Banking Regulatory Commission.

Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, Northern Trust Fiduciary Company (Guernsey) Limited and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission.

Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission.

Northern Trust Global Services is authorised and regulated in the Netherlands by De Nederlandsche Bank.

Northern Trust Global Services Limited Luxembourg Branch is authorised and regulated by the Financial Services Authority and in Luxembourg by the Commission de Surveillance du Secteur Financier (CSSF) and Northern Trust Luxembourg Management Company S.A. is regulated by the CSSF.

Northern Trust Global Services Limited – Abu Dhabi. Representative Office, Licence number 13/238/2008.

Where Northern Trust's UK entities undertake regulated business, they are authorised and regulated in the United Kingdom by the Financial Services Authority.

Northern Trust International Fund Administration Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Financial Regulator.

The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada).   Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada).  Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.

Northern Trust Global Services Ltd (UK) Sweden Filial is a BCD Passported branch of Northern Trust Global Services Ltd a firm authorised and regulated in the UK by the Financial Services Authority ('FSA').

SOURCE Northern Trust

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED