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The Open University of Hong Kong Appoints Northern Trust as Global Custodian

2017-08-01 12:22
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HONG KONG--()--Northern Trust (Nasdaq: NTRS) has been appointed by The Open University of Hong Kong to provide global custody, accounting and compliance monitoring services for its working capital fund.“Northern Trust demonstrated its ability to provide solutions that meet our specific needs, allowing us to focus on our daily operations,” said Mr. Chuen Kwok Wai Santiago, director of finance, finance unit at The Open University of Hong Kong. “The quality of product offerings, service expertise, and collaborative culture were key factors in our selection.”

Founded in 1989, The Open University of Hong Kong (OUHK), formerly The Open Learning Institute of Hong Kong (OLI), is the first self-financed university established by the government offering open and distance education in Hong Kong.

“We are delighted to be working with The Open University of Hong Kong,” said Michael Wu, head of Greater China at Northern Trust. “At Northern Trust, we are focused on meeting the unique needs of our clients and we will work closely with The Open University of Hong Kong to ensure we deliver solutions that help them meet their objectives.”

Northern Trust has a network of 11 offices across Asia-Pacific, in Australia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore and South Korea. It offers asset servicing and asset management solutions to sophisticated institutional investors and affluent individuals worldwide.

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 Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2017, Northern Trust had assets under custody of US$7.4 trillion, and assets under management of US$1.03 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.

 

Contacts

Northern Trust
Europe, Middle East, Africa & Asia-Pacific Contact:
Lara Schnappinger
+44 (0) 207 982 2177
Lara.Schnappinger@ntrs.com
or
US & Canada Contact:
John O'Connell
+1-312-444-2388
John.O'Connell@ntrs.com
http://www.northerntrust.com