Northern Trust in the Northern capital

The US custodian is opening a rep office in Beijing.

Northern Trust is in the process of opening a representative office in Beijing, says Lawrence Au, senior vice president and regional managing director in Singapore. The custody bank has identified a Mandarin-speaking executive now at its headquarters in Chicago who will run the office, but does not want to identify this person until the regulators give a formal go-ahead.

A rep office can't conduct real business, but we need to have one for two years before...

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