Northern Trust gets China branch licence, seeks QFII quota
Having been granted a Beijing branch licence, the US firm expects to see a big increase in Chinese demand for its asset services, including private-equity administration.
Chicago-based Northern Trust has had a representative office in Beijing since 2005, so has been limited in what it can do for mainland Chinese customers. The asset-management and custodian firm has until now provided client services from Hong Kong or Singapore.
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.