Northern Trust strengthens Malaysian presence 26 February 2014Kuala Lumpur Reporter: Stephen Durham
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Northern Trust has opened a Malaysia office to support current institutional clients and develop Northern Trust’s businesses in Malaysia and the wider region.
The office in Kuala Lumpur will be led by newly appointed chief representative Ariani Rustam, who joined from Bank Negara Malaysia—the country’s central bank. Northern Trust celebrated the official opening of its office with an event for regulators, clients and industry peers.
President and COO of Northern Trust, William Morrison, said: “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. 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 centres 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.
Ariani comes to Northern Trust after 12 years at the Bank Negara Malaysia, where she has been a senior executive in risk management, operations, quantitative analytics and, for the last five years, manager of the external fund management division, where she led the introduction of new asset classes to diversify the investment of the bank’s reserves.
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.
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