Northern Trust Boosts Partnership with Avanda to Enhance Singapore's Equity Market

Northern Trust is enhancing its partnership with Avanda to bolster Singapores equity market through comprehensive investment management services, reflecting a commitment to asset management growth in the region.

• Northern Trust will expand its collaboration with Avanda, providing investment operations outsourcing, fund administration, and Investment Risk and Analytical Services since their partnership began in 2015.
• The partnership supports Avandas full suite of funds, offering services including custody, foreign exchange, and securities lending to strengthen Singapores asset management landscape.
• The initiative, known as the EQDP, is a S$5 billion (approximately US$3.8 billion) endeavor aimed at enhancing Singapores asset management and research ecosystem to boost investor interest.