Northern Trust has been selected to provide fund administration services to the VinaCapital Vietnam Opportunity Investment Fund.
The fund will be administered from Northern Trust’s Guernsey office and adds to its growing client base in the Channel Islands where Northern Trust provides a comprehensive range of fund administration solutions for a broad spectrum of fund structures.
“We chose Northern Trust for its strength and the depth of its knowledge of listed funds and are delighted to be working together,” says Steve Bates (pictured), the Chairman of VOF. “Northern Trust understands the complexity and challenge of investing in frontier markets such as Vietnam and brings great understanding to the administrative issues we face. We aim to be at the forefront of governance in our region and are confident that Northern Trust will help us achieve that objective.”
The Vietnam Opportunity Fund invests in listed and unlisted companies, debt instruments and private equity and real estate assets in Vietnam and surrounding Asian countries.
“We are delighted to be appointed by VOF,” says Belinda Burgess, head of Northern Trust in the Channel Islands. “Guernsey benefits from a robust regulatory and compliance regime and well-established infrastructure for the administration of closed ended listed funds and we are pleased to offer a solution to help VOF achieve their objectives.”
Northern Trust’s Global Fund Services business provides custody, fund administration, investment operations outsourcing and depositary services to investment managers across the globe and across the spectrum of asset classes.
