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Japanese fund manager TriVista Capital Inc. has appointed US custodian bank Northern Trust to provide custody services and manage securities lending for its two Cayman Islands-domiciled funds. According to Northern Trust, the mandate “expands an existing relationship and underlines an increasing demand for a broader securities finance offering in the region”. The bank says its Asia Pacific clientele for securities lending services grew three-fold over the past three years. “Asset managers, faced with increased margin pressures, need to find efficient and effective ways to offset cost and ensure sufficient liquidity. Securities lending is one risk-controlled way of achieving these objectives and can provide opportunities to generate additional returns on existing investments,” Mark Snowdon, Northern Trust’s head of capital markets for Asia Pacific, says in a statement on March 9.

Asia pacificMark snowdonTrivista capital incTrivista capitalNorthern trustCayman islands domiciledஆசியா பெஸிஃபிக்வடக்கு நம்பிக்கை