Western Provident Association (WPA), a UK-based private health insurer, has selected Northern Trust to provide global custody and investment accounting services. Northern Trust will service WPA’s Asian equities mandate.
Northern Trust said it will provide the full range of asset servicing and asset management solutions, including global custody, investment operations outsourcing, and sub-advisory services.
John Pugh, finance director at WPA, said: “It is important for us to have a dedicated relationship manager in London with local expertise but also knowing that our assets are being looked after in Asia. We feel Northern Trust will deliver on these two fronts.”
Penelope Biggs, managing director of institutional investor group in Europe, Middle East and Africa at Northern Trust, said: “Clients such as WPA will benefit from our expert client service and industry leading insurance reporting capabilities via Northern Trust’s Passport.
Through our global operating model, WPA and its investment manager will have access to the same consistent data across all locations and all time zones – something our global clients truly value.”