Northern Trust flags China, Philippines plans

Asset management and servicing firm Northern Trust has been busy building a large operational and back-office team in India and plans to follow that up next year with a presence in the Philippines. The company also has its eye on other businesses in Asia, including the growing family office segment, global custody services for Chinese clients and expanding its Korean client base, says chairman and chief executive Rick Waddell. Northern Trust is planning to build a back-office/op…