25 February 2014

Northern Trust Opens Representative Office in Kuala Lumpur, Malaysia

Kuala Lumpur - 25 February 2014 - Northern Trust has extended its presence in the Asia-Pacific region with the opening of a Malaysia Representative Office to support current institutional clients and develop Northern Trust’s businesses in Malaysia and the region. The Representative Office in Kuala Lumpur will be led by Chief Representative Ariani Rustam, who joined from Bank Negara Malaysia, the country’s central bank.

“Malaysia is a dynamic country with a growing economy and increasing global investment, presenting an opportunity for growth in the services that we offer to large, sophisticated institutional investors,” said William L. Morrison, President and Chief Operating Officer of Northern Trust. “We are pleased to establish a local presence in this important market.”

Northern Trust has provided global custody and related services to Malaysian clients since 2009, leveraging its global operating model with centers of expertise in Singapore, Bangalore, London and Chicago. As Chief Representative in Malaysia, Ariani will coordinate relationship building in key financial segments such as sovereign entities, government agencies, pension funds and insurance funds.

Malaysia is pivotal growth market for Northern Trust’s expansion in Asia Pacific and we are delighted to open this office under Ariani’s leadership,” said Teresa Parker, head of the Asia-Pacific region for Northern Trust. 

Asia-Pacific is the fastest-growing global region for Northern Trust, with assets under custody growing at an annual rate of 26 percent from 2008 through 2013, and assets under management growing by 15 percent annually over that five-year period. 

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 18 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2013, Northern Trust had assets under custody of US$5.6 trillion, and assets under investment management of US$884.5 billion. 

Source: Northern Trust