Northern Trust

Northern Trust has deepened its strategic partnership with First Sentier Group, becoming the fund administrator for its Global Growth Funds in Singapore. This expanded mandate includes custody, fund accounting, and transfer agency services, leveraging Northern Trust’s global platform and local expertise to meet evolving market demands and regulatory requirements. The partnership, which began in 2006, highlights Northern Trust’s commitment to strengthening its presence in key financial hubs and providing comprehensive solutions for global asset managers.

Northern Trust expands its partnership with Avanda Investment Management to support a mandate from the Monetary Authority of Singapore (MAS) under the Equity Market Development Programme (EQDP). Northern Trust will provide investment operations outsourcing, fund administration, and risk analytics, building on a decade-long relationship. The EQDP is a S$5 billion initiative aimed at strengthening Singapore’s asset management ecosystem. Avanda’s strategy under the EQDP seeks to increase investor access to Singapore-listed equities. This collaboration underscores Northern Trust’s commitment to the Southeast Asian financial market.