Kuala lumpur: Northern Trust (Nasdaq: NTRS) today announced it has expanded its fund services relationship with Avanda Investment Management, supporting its implementation of the mandate granted by Monetary Authority of Singapore (MAS) as part of the Equity Market Development Programme (EQDP).

According to BERNAMA News Agency, Northern Trust will provide investment operations outsourcing, fund administration, and Investment Risk and Analytical Services. This move builds on a relationship with Avanda that began in 2015. Northern Trust supports Avanda’s full range of funds with the above services as well as custody, foreign exchange, and securities lending.