Bank of Taiwan and Northern Trust Announce Global Custody Collaboration

TAIPEI & SINGAPORE--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) and Bank of Taiwan today announce they have entered into a strategic collaboration to offer institutional investors in Taiwan access to a unique solution combining Bank of Taiwan’s local expertise and Northern Trust’s global custody and asset servicing capabilities.

Under the terms of the memorandum of understanding, Northern Trust will provide offshore global custody and asset servicing solutions for select institutional and governmental clients in Taiwan.

“Collaborating with Northern Trust as a global custodian provides interested institutional investors access to the benefits of a world-class global custodian, operating in multiple markets across the globe and with top-quality technology and asset servicing capabilities,” said Dr. Jih-Chu Lee, Chairperson Bank of Taiwan. “We are pleased to collaborate with them as they grow their footprint across the Asia-Pacific market.”

“Asia-Pacific is the fastest growing region for Northern Trust and we see significant opportunities to bring our global capabilities to Taiwan,” said William Mak, head of Northern Trust in Asia-Pacific. “We are pleased to work with Bank of Taiwan whose strong expertise in asset servicing and local custody solutions and client service ethos fits well with our culture of service, expertise and integrity.”

Northern Trust has a network of nine locations 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 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2015, Northern Trust had assets under custody of US$6.1 trillion, and assets under management of US$960.1 billion. For 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 http://www.northerntrust.com/disclosures

About Bank of Taiwan

Bank of Taiwan (BOT) is a fully state-owned bank based in Taiwan. In conjunction with government policy, BOT supports economic development, regulates financial supply and demand and assists in the development of industrial and commercial enterprises. For a history of 69 years, BOT continues to hold a position of leadership among banks in Taiwan in scale of deposits and loans, total assets and numerous areas of business. Besides commercial banking business, BOT devotes to explore trust, custody service and wealth management business and achieved outstanding market position with its expertise and high quality service. For more information, visit http://www.bot.com.tw.

Bank of Taiwan, Head Office: 120 Section 1 Chongcing South Road, Taipei, Taiwan

View source version on businesswire.com: http://www.businesswire.com/news/home/20150522005200/en/

Northern Trust
Europe, Middle East, Africa & Asia-Pacific:
Nicola Murray
+44 (0) 207 982 2162
[email protected]
or
US & Canada:
Tim Hacker
+1 312 557 6090
[email protected]
http://www.northerntrust.com

Source: Northern Trust

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