Northern Trust wins VinaCapital approval

The Board of VinaCapital Vietnam Opportunity Investment Fund Ltd (VOF) has appointed Northern Trust to provide fund administration services through its Guernsey office.

Steve Bates, the chairman of VOF, said it chose Northern Trust for its strength and the depth of its knowledge of listed funds.“Northern Trust understands the complexity and challenge of investing in frontier markets such as Vietnam and brings great understanding to the administrative issues we face,” he says. “We aim to be at the forefront of governance in our region and are confident that Northern Trust will help us achieve that objective.”

The fund invests in listed and unlisted companies, debt instruments and private equity and real estate assets in Vietnam and surrounding Asian countries.