Northern Trust Global Investments is establishing a capability in its Hong Kong office to market services such as multi-manager products, transition management and securities lending to institutional investors.
Its affiliate in custody already has a longstanding presence in Hong Kong and Singapore. And the firm has had a Tokyo office for several years run by Kunihiko Nakao. It already runs custody operations in various regional centres.
Thomas Benzmiller, managing director, is transferring from the firm's Chicago headquarters to run the Asian business.
The main focus will be selling its multi-manager capability. Asian institutions are just beginning to invest in manager-of-manager products,...