Northern Trust Wins ‘Best Client Servicing Award’ from Asia Asset Management
HONG KONG -- March 14, 2013
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 March 15 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.
Northern Trust Corporation
Asia Pacific and North America:
John O’Connell, +1 312 444 2388
Camilla Greene, +44 (0) 207 982 2176
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