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NTRS Deepens APAC Asset Servicing Reach With Perpetual Tie-Up
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Key Takeaways
Northern Trust is partnering with Perpetual to expand Singapore unit trust servicing capabilities.
NTRS's APAC AUC reached $1 trillion in June 2026, up 12% year over year.
The partnership could help NTRS win mandates and grow custody and fund administration fees.
Northern Trust Corporation (NTRS - Free Report) is expanding its Singapore unit trust capabilities through a strategic relationship with Perpetual (Asia) Limited. The partnership combines its custody, fund administration and middle-office outsourcing services with Perpetual’s trustee and fiduciary capabilities. This gives investment managers a more integrated solution for Singapore retail unit trusts while supporting NTRS’s broader asset servicing growth.
Why Is Northern Trust Expanding in Singapore?
Singapore is a key asset-management hub in Asia, supported by rising regional wealth, cross-border investment and growing retail participation. According to PwC insights, Asia-Pacific (APAC) assets under management (AUM) are expected to reach $34.5 trillion by 2030, up from $23.2 trillion in 2024, representing a compound annual growth rate (CAGR) of 6.8%. This growth could increase demand for fund administration, custody and other operational services provided by companies like NTRS.
The latest partnership builds on NTRS’s broader expansion of asset-servicing capabilities and client relationships across the region. It provides infrastructure supporting investment managers, benefiting from growth in fund assets and offerings. The relationship with Perpetual adds independent trustee capabilities to its existing custody and administration services, creating a more comprehensive solution for fund managers.
Northern Trust is expanding its asset-servicing capabilities to meet more client needs and win additional mandates. Broader offerings across fund administration, investment operations and related services could help NTRS deepen client relationships and drive service-related fee income.
The company’s asset-servicing business continued to gain momentum across the APAC region in the first half of 2026. Its APAC assets under custody (AUC) reached $1 trillion as of June 30, 2026, up 12% year over year. This follows an 11.9% CAGR in overall asset-servicing AUC over the past three years through 2025, with the trend continuing into the first half of 2026. The sustained growth underscores the increasing scale of NTRS’s APAC franchise.
Overall, the Perpetual relationship strengthens NTRS’s position in Singapore and complements its expanding APAC Asset Servicing franchise. The tie-up broadens its offering for investment managers and supports its competitive position in the region.
How Are Other Asset Managers Expanding Inorganically?
Other asset managers like Franklin Templeton (BEN - Free Report) and Lazard (LAZ - Free Report) are expanding their businesses through acquisitions and strategic partnerships, strengthening client relationships, broadening capabilities and increasing their AUM base.
In September 2026, Franklin Templeton’s subsidiary, Clarion Partners, agreed to acquire a majority stake in Stoneshield Capital, adding $9 billion in AUM and strengthening its European presence. Earlier, Franklin Templeton acquired Apera, Alcentra and Lexington Partners, while partnerships with major infrastructure firms broadened its capabilities and market reach. These efforts could support AUM and recurring fee revenue growth.
In April 2026, Lazard agreed to acquire Campbell Lutyens to strengthen its private-capital advisory business and expand its global reach. Earlier, Lazard partnered with Arini Capital Management and acquired a controlling interest in Elaia Partners, adding approximately $1 billion in AUM. These initiatives could support new mandates, AUM growth and higher advisory and management-fee revenue.
NTRS’s Price Performance & Zacks Rank
Over the past year, shares of Northern Trust have gained 43.4% compared with the industry’s growth of 32.5%.
View the Zacks #1 Rank List
Image: Bigstock
NTRS Deepens APAC Asset Servicing Reach With Perpetual Tie-Up
Key Takeaways
Northern Trust Corporation (NTRS - Free Report) is expanding its Singapore unit trust capabilities through a strategic relationship with Perpetual (Asia) Limited. The partnership combines its custody, fund administration and middle-office outsourcing services with Perpetual’s trustee and fiduciary capabilities. This gives investment managers a more integrated solution for Singapore retail unit trusts while supporting NTRS’s broader asset servicing growth.
Why Is Northern Trust Expanding in Singapore?
Singapore is a key asset-management hub in Asia, supported by rising regional wealth, cross-border investment and growing retail participation. According to PwC insights, Asia-Pacific (APAC) assets under management (AUM) are expected to reach $34.5 trillion by 2030, up from $23.2 trillion in 2024, representing a compound annual growth rate (CAGR) of 6.8%. This growth could increase demand for fund administration, custody and other operational services provided by companies like NTRS.
The latest partnership builds on NTRS’s broader expansion of asset-servicing capabilities and client relationships across the region. It provides infrastructure supporting investment managers, benefiting from growth in fund assets and offerings. The relationship with Perpetual adds independent trustee capabilities to its existing custody and administration services, creating a more comprehensive solution for fund managers.
Northern Trust is expanding its asset-servicing capabilities to meet more client needs and win additional mandates. Broader offerings across fund administration, investment operations and related services could help NTRS deepen client relationships and drive service-related fee income.
The company’s asset-servicing business continued to gain momentum across the APAC region in the first half of 2026. Its APAC assets under custody (AUC) reached $1 trillion as of June 30, 2026, up 12% year over year. This follows an 11.9% CAGR in overall asset-servicing AUC over the past three years through 2025, with the trend continuing into the first half of 2026. The sustained growth underscores the increasing scale of NTRS’s APAC franchise.
Overall, the Perpetual relationship strengthens NTRS’s position in Singapore and complements its expanding APAC Asset Servicing franchise. The tie-up broadens its offering for investment managers and supports its competitive position in the region.
How Are Other Asset Managers Expanding Inorganically?
Other asset managers like Franklin Templeton (BEN - Free Report) and Lazard (LAZ - Free Report) are expanding their businesses through acquisitions and strategic partnerships, strengthening client relationships, broadening capabilities and increasing their AUM base.
In September 2026, Franklin Templeton’s subsidiary, Clarion Partners, agreed to acquire a majority stake in Stoneshield Capital, adding $9 billion in AUM and strengthening its European presence. Earlier, Franklin Templeton acquired Apera, Alcentra and Lexington Partners, while partnerships with major infrastructure firms broadened its capabilities and market reach. These efforts could support AUM and recurring fee revenue growth.
In April 2026, Lazard agreed to acquire Campbell Lutyens to strengthen its private-capital advisory business and expand its global reach. Earlier, Lazard partnered with Arini Capital Management and acquired a controlling interest in Elaia Partners, adding approximately $1 billion in AUM. These initiatives could support new mandates, AUM growth and higher advisory and management-fee revenue.
NTRS’s Price Performance & Zacks Rank
Over the past year, shares of Northern Trust have gained 43.4% compared with the industry’s growth of 32.5%.
Image Source: Zacks Investment Research
At present, NTRS carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.