Valverde Investment Partners Appoints Northern Trust to Provide Asset Servicing Solutions for its VCC Fund
01 Julio 2024 - 8:00PM
Business Wire
Northern Trust (Nasdaq: NTRS) today announced that it has been
appointed by Valverde Investment Partners Pte Ltd. (Valverde) to
provide custody, fund administration, foreign exchange and cash
management services for its newly formed Variable Capital Company
(VCC) fund, along with its sub-fund, ASEAN+ Fund (VAPF).
Valverde is a newly established, Singapore-based, independent
investment management firm specializing in ASEAN equities. The VCC
launch and its sub-fund, Valverde ASEAN+ Fund (VAPF), represent
Valverde’s goal of achieving long-term absolute returns, primarily
composed of public traded equities within ASEAN companies.
“We have seen VCC funds continue to grow in popularity since the
scheme was first launched in 2020, and we are delighted to work
with Valverde as they embark on their first VCC,” said Yen Leng
Ong, Country Executive, Southeast Asia, Northern Trust. “This
appointment helps underline our position as a premier provider of
custody and fund services to asset managers in Singapore.”
“Launching a VCC fund comes with inherent complexities, and we
were seeking a partner that could help us manage these from both a
custodial and fund administration perspective,” said John Foo,
Founder and CEO at Valverde. “We were especially impressed by
Northern Trust’s global expertise and focus on clients such as
ourselves, which aligns with our dedication to providing top-tier
investment solutions and client service to our investors.”
Northern Trust’s Global Fund Services business provides services
including fund administration, depositary, global custody,
investment operations outsourcing and data solutions to global
investment managers – supporting a range of complex investment
strategies across the full spectrum of asset classes. In Singapore,
it includes servicing of VCC fund structures launched as standalone
Singapore funds or umbrella structures with Singapore domiciled
sub-funds.
Northern Trust has offices across Asia Pacific in Beijing,
Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune,
Singapore, Sydney and Tokyo. It has strong relationships with some
of the region’s largest asset managers, central banks, sovereign
wealth funds, government agencies and corporations.
About Valverde Investment Partners
Valverde is a partner-owned investment management firm
specializing in ASEAN equities. Led by a seasoned and dedicated
investment team, Valverde is committed to delivering optimal
execution outcomes for investors across the 6 ASEAN markets,
supported by in-house trading capabilities. As of 1 July 2024, our
team comprises of 11 members with coverage spanning Singapore, Ho
Chi Minh, Bangkok, Kuala Lumpur and Jakarta.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
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 March 31, 2024, Northern Trust had assets under
custody/administration of US$16.5 trillion, and assets under
management of US$1.5 trillion. For more than 130 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 X (formerly Twitter) @NorthernTrust
or Northern Trust Corporation 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240701505597/en/
Europe, Middle East, Africa & Asia-Pacific:
Camilla Greene +44 (0) 20 7982 2176 Camilla_Greene@ntrs.com
Simon Ansell + 44 (0) 20 7982 1016 sa777@ntrs.com
US & Canada:
John O’Connell +1 312 444 2388 John_O’Connell@ntrs.com
http://www.northerntrust.com
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