Northern Trust Selected to Provide Custody Services to Fiji National Provident Fund
Northern Trust (NTRS) has been selected to provide custody services for the Fiji National Provident Fund (FNPF), Fiji's sole compulsory Superannuation Fund. FNPF manages retirement savings for Fijian workforce through a multi-asset class approach, including listed equities, fixed-income securities, private markets, and real estate. This selection marks Northern Trust's first institutional client in Fiji, expanding its footprint in the Asia Pacific region where it maintains offices across ten major cities and serves various institutional clients including central banks, sovereign wealth funds, and asset managers.
Northern Trust (NTRS) è stata selezionata per fornire servizi di custodia per il Fiji National Provident Fund (FNPF), l'unico fondo pensione obbligatorio delle Figi. Il FNPF gestisce i risparmi per la pensione della forza lavoro fijiana attraverso un approccio multi-asset, che comprende azioni quotate, titoli a reddito fisso, mercati privati e immobili. Questa selezione segna il primo cliente istituzionale di Northern Trust nelle Figi, espandendo la sua presenza nella regione Asia-Pacifico, dove mantiene uffici in dieci grandi città e serve vari clienti istituzionali, tra cui banche centrali, fondi sovrani e gestori patrimoniali.
Northern Trust (NTRS) ha sido seleccionada para proporcionar servicios de custodia para el Fiji National Provident Fund (FNPF), el único fondo de pensiones obligatoria de Fiji. El FNPF gestiona los ahorros para la jubilación de la fuerza laboral fijiana a través de un enfoque de múltiples clases de activos, que incluye acciones cotizadas, valores de renta fija, mercados privados y bienes raíces. Esta selección marca el primer cliente institucional de Northern Trust en Fiji, expandiendo su presencia en la región de Asia-Pacífico, donde mantiene oficinas en diez ciudades principales y atiende a varios clientes institucionales, incluidos bancos centrales, fondos soberanos y gestores de activos.
노던 트러스트 (NTRS)가 피지의 유일한 의무 퇴직연금인 피지 국가 연금 기금 (FNPF)의 보관 서비스를 제공하기 위해 선정되었습니다. FNPF는 상장 주식, 고정 수익 증권, 사모 시장 및 부동산을 포함한 다중 자산 클래스 접근 방식을 통해 피지 노동력의 퇴직 저축을 관리합니다. 이번 선정은 노던 트러스트의 피지 내 첫 번째 기관 고객을 의미하며, 아시아 태평양 지역 내 입지를 확대하고 있습니다. 노던 트러스트는 10개의 주요 도시에서 사무실을 운영하며, 중앙은행, 국부펀드 및 자산 관리자 등 다양한 기관 고객에게 서비스를 제공합니다.
Northern Trust (NTRS) a été sélectionné pour fournir des services de garde pour le Fiji National Provident Fund (FNPF), le seul fonds de pension obligatoire des Fidji. Le FNPF gère les économies de retraite de la main-d'œuvre fidjienne grâce à une approche multi-actifs, incluant des actions cotées, des titres à revenu fixe, des marchés privés et de l'immobilier. Cette sélection marque le premier client institutionnel de Northern Trust aux Fidji, élargissant ainsi sa présence dans la région Asie-Pacifique, où il maintient des bureaux dans dix grandes villes et sert divers clients institutionnels, y compris des banques centrales, des fonds souverains et des gestionnaires d'actifs.
Northern Trust (NTRS) wurde ausgewählt, um Verwahrungsdienste für den Fiji National Provident Fund (FNPF), den einzigen obligatorischen Pensionsfonds von Fiji, anzubieten. Der FNPF verwaltet die Renteneinsparungen der fijianischen Arbeitskräfte durch einen Multi-Asset-Ansatz, der börsennotierte Aktien, festverzinsliche Wertpapiere, private Märkte und Immobilien umfasst. Diese Auswahl markiert den ersten institutionellen Kunden von Northern Trust in Fiji und erweitert deren Präsenz in der Asien-Pazifik-Region, wo das Unternehmen Büros in zehn großen Städten unterhält und verschiedene institutionelle Kunden, darunter Zentralbanken, Staatsfonds und Vermögensverwalter, bedient.
- Secured new institutional client (FNPF) in Fiji, expanding geographic presence
- Entry into new market with sole provider status for Fiji's national retirement fund
- None.
Insights
This institutional client win in Fiji represents a strategic expansion for Northern Trust in the Asia-Pacific region. The deal with Fiji National Provident Fund (FNPF) is particularly significant as it's the country's sole mandatory superannuation fund, essentially giving Northern Trust access to the retirement savings of Fiji's entire workforce.
The partnership strengthens Northern Trust's custody services portfolio in emerging markets and demonstrates its ability to secure major institutional clients in new territories. While the immediate revenue impact may be modest given Fiji's market size, the strategic value lies in establishing a foothold in the Pacific Islands region and potentially attracting similar mandates from other regional pension funds.
The win also showcases Northern Trust's competitive advantage in providing customized solutions for complex institutional needs, particularly in handling multi-asset portfolios including private markets and real estate investments.
Northern Trust expands footprint across the
As the only compulsory superannuation fund in
“This win marks a major milestone in our commitment to the APAC region,” said Angelo Calvitto, Head of
"Our goal is to provide our members with the best experience, and that meant finding a partner who could offer more comprehensive custodial services," said Naibuka Saune, Chief Investment Officer of FNPF. “Northern Trust has proven to be that partner, allowing us to shift our focus to core investment activities while they handle our custody needs.”
Northern Trust has an established network of offices across
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in
Northern Trust Corporation, Head Office: 50 South La Salle Street,
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Camilla Greene
+44 (0) 20 7982 2176
Camilla_Greene@ntrs.com
Simon Ansell
+ 44 (0) 20 7982 1016
Simon_Ansell@ntrs.com
US &
John O’Connell
+1 312 444 2388
John_O’Connell@ntrs.com
Source: Northern Trust
FAQ
What new client did Northern Trust (NTRS) secure in Fiji?
What services will Northern Trust (NTRS) provide to FNPF?
How does this agreement expand Northern Trust's (NTRS) presence in Asia Pacific?
