Northern Trust extends Asia/Pacific footprint
Northern Trust has extended its footprint in the Asia-Pacific region, announcing this week it had opened a Malaysia Representative Office to support current institutional clients and to develop the company's business in Malaysia and the region.
The company said the Representative Office in Kuala Lumpur would be led by Chief Representative Ariani Rustam, who had joined Northern Trust from Malaysia's central bank.
Commenting on the move, Northern Trust chief operating officer and president William L. Morrison said Malaysia was a dynamic country with a growing economy and increasing global investment, presenting an opportunity for growth in the services his company offered to large, sophisticated institutional investors.
Recommended for you
With Insignia shares up 32 per cent in the past month and the firm enacting a five-year growth plan, Morningstar believes the two recent acquisition bids from private equity firms demonstrate the company is undervalued.
As financial advisers enter the new year, Assured Support shares eight strategies to help advice businesses thrive through focused and consistent planning.
Insignia Financial has received a takeover bid from a second US firm, topping Bain Capital’s offer with a bid of $4.30 per share.
As the year comes to an end, Money Management takes a look at the biggest announcements that shocked the financial advice industry in 2024.
