Northern Trust opened a Seoul branch office in South Korea on February 28 2017. 

The official opening was marked by an opening ceremony on the same day. The event was attended by 270 representatives from banking and financial institutions, industry associations, and government entities in South Korea, according to Northern Trust.

“The Branch license strengthens Northern Trust’s client servicing and FX capabilities and enhances opportunities for business development in South Korea,” says Michael O’Grady, president of Northern Trust Corporation.

Northern Trust has had a representative office in Seoul since 2014. The recent opening brings Northern Trust to 11 offices across Asia-Pacific, in Australia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore and now South Korea.

Photo: Seoul branch office opening ceremony at the Korea Federation of Banks, February 28 2017. From left to right: Byun Jai Yung, head of Northern Trust Company, Seoul branch, Michael O'Grady, president of Northern Trust Corporation, and William Mak, head of Northern Trust APAC.