Northern Trust expands its fund services relationship with Avanda
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Northern Trust expands its fund services relationship with Avanda 03 November 2025Singapore Reporter: Zarah Choudhary
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Northern Trust has expanded its fund services relationship with Avanda Investment Management, supporting its implementation of the mandate granted by the Monetary Authority of Singapore (MAS).
This will be taking place as part of the Equity Market Development Programme (EQDP).
Northern Trust will provide investment operations outsourcing, fund administration and investment risk and analytical services, which according to the firm, builds on a relationship with Avanda that began in 2015.
Northern Trust supports Avanda’s full range of funds with the above services as well as custody, foreign exchange, and securities lending.
The EQDP is an approximately US$3.8 billion initiative aimed at strengthening Singapore’s asset management and research ecosystem and increasing investor interest in the local equities market.
Avanda says that its strategy under its EQDP mandate aims to enhance investor access to Singapore-listed equities and contribute to the development of the local capital market.
Yen Leng Ong, country executive for Southeast Asia, Northern Trust, says: “We are proud to support Avanda in this milestone under the EQDP initiative.
“This expansion reflects our commitment to delivering scalable, high-quality solutions that help asset managers grow and adapt in dynamic markets like Singapore.”
Michael Teo, co-CEO and chief operating officer at Avanda Investment Management, adds: “We are pleased to work with Northern Trust on the implementation of our mandate as part of the EQDP initiative, which reflects our commitment to contributing to the development of Singapore’s capital markets.
“Northern Trust has become a valuable extension of our team through its consistent delivery, deep understanding of our operational needs and ability to scale, which has been instrumental in supporting our growth.”
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