Northern Trust adds portfolio management, dealing to HK
The firm moves to provide index equity portfolio management and equity and derivatives dealing after receiving a type-9 licence. It is also looking to enter a new Asian market.
Northern Trust is to offer portfolio management for equity indexing as well as in-house equity dealing from its regional headquarters in Hong Kong after receiving a type-9 asset management licence from the city’s Securities & Futures Commission (SFC) this week.
Kevin Hardy, managing director of asset management in Asia-Pacific and country head for Hong Kong, also raises the possibility that the US firm is looking to set up in another location in Asia outside its regional offic…
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