Custodians expand teams in Asia-Pacific

Northern Trust has opened three Asian offices in 2014 while other custodians including RBC Investor & Treasury Services and BNP Paribas Securities Services make new hires in the region


Northern Trust has opened two more offices in the Philippines and South Korea in a bid to expand its operations in the Asia-Pacific region.

Its representative office in Seoul is intended to help establish a local presence in South Korea. Its new office in Manila – the third Asia-Pacific office that Northern Trust has opened this year – will support processing and back-office functions for its global clients.

The custodian now has nine offices across the region, having opened an office in Kuala

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