Vietnam mandate for Northern Trust in Guernsey 16 December 2015Guernsey Reporter: Stephanie Palmer
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Northern Trust has been chosen to provide fund administration services for the VinaCapital Vietnam Opportunity Investment Fund (VOF).
The fund will be serviced by Northern Trust’s Guernsey office, and adds to the firm’s growing client base in the Channel Islands.
VOF invests in listed and unlisted companies, debt instruments, private equity and real estate assets in Asia, particularly in Vietnam. Chair Steve Bates highlighted Northern Trust’s depth of knowledge in this area as a factor in the decision.
He said: “Northern Trust understands the complexity and challenge of investing in frontier markets such as Vietnam and brings great understanding to the administrative issues we face.”
“We aim to be at the forefront of governance in our region and are confident that Northern Trust will help us achieve that objective.”
Belinda Burgess, head of Northern Trust in the Channel Islands, said: “Guernsey benefits from a robust regulatory and compliance regime and well-established infrastructure for the administration of closed ended listed funds and we are pleased to offer a solution to help VOF achieve their objectives.”
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