Northern Trust today announced the strategic expansion of its Singapore Unit Trust offering through a relationship with Perpetual (Asia) Limited. Together, the financial institutions provide investment managers with access to a complete servicing solution for Singapore Unit Trust structures. Consequently, this joint offering combines Northern Trust’s global custody, fund administration, and middle-office outsourcing capabilities with Perpetual’s specialized trustee services.
Furthermore, Perpetual (Asia) Limited operates as a core component of the broader Perpetual Group. The firm stands as a well-established provider of trustee and fiduciary services. Specifically, it supports every major Unit Trust, REIT, collective investment scheme, and debt market structure across Singapore.
“We are pleased to have established this relationship with Perpetual, which expands our ability to support retail Singapore unit trusts and further enhances our servicing capabilities in Singapore,” said Yen Leng Ong, Country Head of Singapore at Northern Trust. “This relationship combines Northern Trust’s expertise in asset servicing with Perpetual’s trustee capabilities to deliver a scalable and integrated solution for investment managers. As demand for Singapore’s fund industry continues to evolve, we are well-positioned to support both existing and new managers with the operational infrastructure and servicing capabilities required across the fund lifecycle.”
Meanwhile, this operational relationship aligns directly with growing regional demand for structured funds. Therefore, investment managers gain an integrated pipeline to establish and scale each new Unit Trust structure effectively.
“Perpetual is pleased to support Northern Trust’s servicing of Singapore unit trusts,” said Matthew Allen, Managing Director, Asia Pacific at Perpetual. “The relationship brings together complementary capabilities, enabling Northern Trust to focus on the day-to-day operations of the funds while Perpetual independently fulfills its fiduciary responsibilities as trustee and safeguards the interests of unitholders. We believe this approach provides investment managers with a robust and efficient solution for Singapore unit trust structures and supports the continued growth of the market.”
Expanding Global Asset Servicing Solutions
Additionally, Northern Trust delivers a complete suite of asset servicing solutions for global asset managers. These core capabilities include fund administration, global custody, investment operations outsourcing, and specialized data solutions. As a result, the firm reliably supports complex operational strategies across the full spectrum of asset classes. This comprehensive framework simplifies ongoing administrative tasks for every active Unit Trust in the market.
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News Source: Businesswire.com
