Northern Trust opens Tokyo office for fund biz

Northern Trust Global Investments inherited enough of DeutscheƆs business in Japan to warrant an office.

Chicago-based Northern Trust Global Investments has put its feet on the ground in Japan for the first time, and plans to plug its quantitative fund management and hedge fund products to Japanese institutional investors.

The move results from NTGI's $100 million acquisition of Deutsche Bank's $44.1 billion passive equity, fixed-income and enhanced index business on January 31. Before the deal, NTGI's own passive fund management business was ranked seventh in the world, which denied it the scale to compete in a high-volume business.

But the acquisition boosted it to number three, behind State Street Global Advisors and Barclays Global Investors, with $370 billion of assets under management of which...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222