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Business News 26th February 2016

Northern Trust Announces Expansion Plans in India with New Office in Pune

Northern Trust Announces Expansion Plans in India with New Office in Pune

Northern Trust Announces Expansion Plans in India with New Office in Pune

Northern Trust announced today that in response to the increasing global growth, particularly across the Asia-Pacific region, it will expand its Indian operations by opening an office of Northern Operating Services Private Limited (NOSPL) in Pune.

The NOSPL Pune office will complement Northern Trust’s existing operating centres across the region in Bangalore, India, and Manila, the Philippines, and is expected to grow to more than 500 employees within two years. It will be initially located at Panchshil Tech Park Yerwada and is expected to open in July 2016.

“We are delighted to further expand our operational capabilities in Asia,” Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said. “India offers a growing talent pool of highly educated individuals and the Pune office will play a key role in supporting our clients in the Asia-Pacific region, enabling us to offer them support across time zones.”

Mano Mathews has been named as head of NOSPL’s Pune office, reporting to Mosur Saisekar, head of NOSPL in India. Mathews joined the company in 2009 and was most recently head of hedge fund services in Bangalore. Mathews has 17 years of experience in financial services and during his career has worked in London and Sydney. He holds an Executive MBA from the Indian School of Business.

“We are pleased to continue the expansion of our operations in India,” said Saisekar. “From 200 employees in 2006, we now employ more than 3,600 people in India, and this latest expansion in Pune will further drive our growth and presence in the region, ensuring we are well positioned to continue to support Northern Trust’s clients.”

The Indian offices perform vital business operations for Northern Trust’s global clients including leading alternative, multi-manager and traditional investment managers, pension funds, multi-nationals, insurance companies and not-for-profit organisations.

Northern Trust currently has a network of offices across Asia-Pacific, in Australia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore and South Korea. It offers asset servicing and asset management solutions to institutional investors, fund managers and affluent individuals worldwide. Northern Operating Services Private Limited is a wholly owned, indirect subsidiary of Northern Trust Corporation.