Northern Trust Expands Retail Unit Trust Capabilities in Singapore

Northern Trust adds Perpetual as trustee partner to offer integrated servicing for Singapore retail unit trusts, targeting evolving fund manager needs.

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09/08/2026 - 09:00 PM EDT

Relationship with Perpetual brings together asset servicing and trustee expertise to deliver a comprehensive solution for investment managers

SINGAPORE--(BUSINESS WIRE)-- Northern Trust (Nasdaq: NTRS) today announced the expansion of its Singapore unit trust offering through a relationship with Perpetual (Asia) Limited. Together, the firms provide investment managers with access to a comprehensive servicing solution for Singapore unit trust structures, combining Northern Trust’s custody, fund administration and middle-office outsourcing capabilities with Perpetual’s trustee services.

Perpetual (Asia) Limited is part of the Perpetual Group and is a well-established provider of trustee and fiduciary services for Singapore unit trusts, REITs, collective investment schemes and debt market structures.

"We are pleased to have established this relationship with Perpetual, which expands our ability to support retail Singapore unit trusts and further enhances our servicing capabilities in Singapore," said Yen Leng Ong, Country Head of Singapore at Northern Trust. "This relationship combines Northern Trust's expertise in asset servicing with Perpetual's trustee capabilities to deliver a scalable and integrated solution for investment managers. As demand for Singapore’s fund industry continues to evolve, we are well-positioned to support both existing and new managers with the operational infrastructure and servicing capabilities required across the fund lifecycle."

"Perpetual is pleased to support Northern Trust's servicing of Singapore unit trusts,” said Matthew Allen, Managing Director, Asia Pacific at Perpetual. “The relationship brings together complementary capabilities, enabling Northern Trust to focus on the day-to-day operations of the funds while Perpetual independently fulfills its fiduciary responsibilities as trustee and safeguards the interests of unitholders. We believe this approach provides investment managers with a robust and efficient solution for Singapore unit trust structures and supports the continued growth of the market."

Northern Trust provides a complete suite of asset servicing solutions for global investment managers including fund administration, global custody, investment operations outsourcing and data solutions, supporting a range of complex investment strategies across the full spectrum of asset classes.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2026, Northern Trust had assets under custody/administration of US$20.0 trillion, and assets under management of US$2.0 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.