Northern Trust Selected as Custody Services Provider for Fiji National Provident Fund
Northern Trust (Nasdaq: NTRS) has been chosen to provide custody services for the Fiji National Provident Fund (FNPF), the sole compulsory superannuation fund in Fiji. As the country’s only mandatory retirement savings fund, FNPF manages the retirement assets of Fijian workers, utilizing a diversified investment strategy across various asset classes, including listed equities, fixed-income securities, private markets, and real estate.
“This partnership represents a significant milestone in our ongoing commitment to the Asia-Pacific region,” said Angelo Calvitto, Head of Asia Pacific at Northern Trust. “Our ability to customize a comprehensive suite of services to meet FNPF’s specific requirements was key to gaining their trust. We look forward to providing holistic, collaborative solutions to support FNPF’s growth and solidify our role as a trusted long-term partner.”
Naibuka Saune, Chief Investment Officer of FNPF, commented, “Our priority is to enhance the experience for our members, which meant selecting a partner capable of offering robust and comprehensive custodial services. Northern Trust has proven to be that partner, enabling us to focus on our core investment activities while they expertly manage our custody requirements.”
Northern Trust operates an extensive network of offices across the Asia-Pacific region, including locations in Beijing, Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune, Singapore, Sydney, and Tokyo. The firm has established strong relationships with central banks, sovereign wealth funds, government agencies, corporations, and asset managers in the region, providing a wide range of tailored asset servicing, asset management, and capital market solutions.
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 a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2024, Northern Trust had assets under custody/administration of US$17.4 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation.
