Northern Trust opening in Malaysia, Philippines

Northern Trust has hired former central banker Ariani Rustam to head its new operation in Kuala Lumpur, as the custodian bank seeks to service growing demand for overseas investments from institutions in Asia. The representative office is the firm’s seventh branch in Asia and will seek to expand its Malaysian business, as well as providing support to clients there, alongside Singapore. The move was largely driven by client demand, says Teresa Parker, head of Asia Pacific at Nort…