Northern Trust has been appointed by Japan-based manager, TriVista Capital, to provide global custody services and manage securities lending for its two Cayman Islands-domiciled funds.
The latest mandate expands an existing relationship and underlines an increasing demand for a broader securities finance offering in the region.
Over the past three years, Northern Trust says it has seen a three-fold increase in Asia Pacific (APAC)-based clients joining its global lending programmes.
According to Northern Trust, asset managers faced with increased margin pressures need to find efficient and effective ways to offset costs and ensure sufficient liquidity, and securities lending is one risk-controlled way of achieving these objectives and can provide opportunities to generate additional returns on existing investments.
Mark Snowdon, head of Capital Markets, APAC at Northern Trust, says: “We’re delighted to extend our relationship with TriVista and provide securities lending services to help them maximise their risk and return objectives and optimise the value of their portfolio.”
Snowdon continues: “Against the many hurdles asset managers face in managing portfolios today, they continue to seek the opportunity to drive additional economic value from securities lending and complementary financing solutions in enhancing portfolio performance.”
Masaki Gotoh, chief investment officer of TriVista, adds: “Our trusted relation selected by Osmosis Investment Management to provide fund administration, global custody and depositary services ship and positive experience with Northern Trust, as well as their stellar reputation in the market, formed the basis of our decision to appoint them as our securities lending provider.”
Northern Trust was also very recently selected by Osmosis Investment Management to provide fund administration, global custody and depositary services for the Osmosis Resource Efficient Core Equity (ex-fossil fuels) fund in a UCITS common contractual fund.
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