Seoul
02 March 2017
Reporter: Drew Nicol

Northern Trust expands office in South Korea


Northern Trust has enhanced its presence in Asia with the opening of an expanded office in Seoul, South Korea.

The new office builds upon Northern Trust's existing base in the country, which opened in 2014, and will allow for new business lines to be offered, such as foreign exchange.

The office is managed by Jai Yung Byun, head of South Korea office, and Mike O’Grady, president of Northern Trust and head of Asia Pacific.

Northern Trust has an established presence in seven Asian markets including Hong Kong, Singapore, India, China and Japan.

In a statement on the new office, Northern Trust said: “As we continue to commit to our market, we are proud to be able to strengthen our client servicing capabilities and enhance opportunities for business development in South Korea with the opening of our new office in Seoul.”

More Industry news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Clearstream promises post-Brexit services continuity
20 October 2017 | London | Reporter: Jenna Lomax
Despite the uncertainty that came after the referendum results last year, Clearstream said its main objective through Brexit was to minimise risk of cross-border settlement
SIX successful in migrating clearing payments under ISO 20022
19th October 2017 | Zurich | Reporter: Jenna Lomax
The new Swiss Interbank Clearing (SIC) payment system facilitates the cash-side settlement of securities transactions in real-time
Peel Hunt expands Torstone’s Inferno into US business
13 October 2017 | London | Reporter: Theo Andrew
According to Peel Hunt, the agreement with Torstone will give the firm more flexibility to develop its US business
Orange and BASF select BNY Mellon as depositary bank
12 October 2017 | New York | Reporter: Becky Butcher
BNY Mellon has been appointed as successor depositary bank by both BASF, a German-based chemical company and Orange, the telecommunications company, for their American depositary receipt programmes
BNP Paribas wades into collateral pools with triparty service
05 October 2017 | London | Reporter: Drew Nicol
As a triparty collateral agent, BNP Paribas Securities Services handles its clients’ collateral needs, from net exposure calculation, automatic collateral allocation and substitution, to physical settlement and custody
Smartkarma opens European hub in London
25 September | London | Reporter: Theo Andrew
According to Smartkarma, the move means European analysts can now register with the platform to join the data platform, offering a network approach to insights and publishing tools
First RFQ inflation swap transactions executed on Tradeweb platform
25 September 2017 | London | Reporter: Stephanie Palmer
Tradeweb has completed the first cleared inflation swap transactions using request-for-quote protocol, on its European Interest Rate Swap platform
More Industry news