The Open University of Hong Kong Appoints Northern Trust as Global Custodian

 

Northern Trust (Nasdaq: NTRS) has been appointed by The Open University of Hong Kong to provide global custody, accounting and compliance monitoring services for its working capital fund.

“Northern Trust demonstrated its ability to provide solutions that meet our specific needs,
allowing us to focus on our daily operations,” said Mr. Chuen Kwok Wai Santiago, director of
finance, finance unit at The Open University of Hong Kong. “The quality of product offerings,
service expertise, and collaborative culture were key factors in our selection.”

Founded in 1989, The Open University of Hong Kong (OUHK), formerly The Open Learning
Institute of Hong Kong (OLI), is the first self-financed university established by the government
offering open and distance education in Hong Kong.

“We are delighted to be working with The Open University of Hong Kong,” said Michael Wu,
head of Greater China at Northern Trust. “At Northern Trust, we are focused on meeting the
unique needs of our clients and we will work closely with The Open University of Hong Kong to
ensure we deliver solutions that help them meet their objectives.”

Northern Trust has a network of 11 offices across Asia-Pacific, in Australia, China, Hong Kong,
India, Japan, Malaysia, the Philippines, Singapore and South Korea. It offers asset servicing and
asset management solutions to sophisticated institutional investors and affluent individuals
worldwide.