To support its growing fund servicing business Northern Trust (Nasdaq: NTRS) has appointed Peter Jordan as head of Global Fund Services in Australia and New Zealand.
Jordan, who relocated to Melbourne from London earlier this year, will lead Northern Trust Global Fund Services in Australia and New Zealand, overseeing its asset servicing offerings for investment managers and fund companies. In his new role, Jordan reports to Peter Cherecwich, head of Global Fund Services and Rohan Singh, country head of Australia and New Zealand.
"Asia-Pacific is the fastest growing region for Northern Trust with assets under custody growing at an annual rate of 26 percent from 2008 through 2013, and assets under management growing by 15 percent annually over that five-year period," said Teresa Parker, head of Northern Trust in Asia-Pacific. "We are pleased to welcome Peter to Australia. His global experience and expertise will ensure we remain well-placed to continue to evolve alongside our clients' requirements."
Jordan joined Northern Trust in 1992 and was most recently chief administration officer for Global Fund Services and responsible for Northern Trust's global institutional client relationships. Prior to this, he was managing director of Northern Trust Ireland where he led the expansion of Northern Trust's fund administration business across Europe.
"For more than 30 years Northern Trust's Global Fund Services business has supported a range of complex investment strategies on behalf of our investment management clients and Australia and New Zealand have proven to be key growth areas for us," said Cherecwich. "Now amid volatile market conditions and an ever-changing regulatory landscape, we see an increasing demand for innovative, tailored solutions that support the requirements of our sophisticated Australian and New Zealand investors."
Northern Trust has an established network of seven offices across Asia-Pacific, most recently opening an office in Kuala Lumpur, Malaysia. It has strong relationships with some of the region's largest central banks, sovereign wealth funds, government agencies, and corporations and is a full-service provider to the Australian and New Zealand market, delivering a range of solutions for institutional clients; including Australian investment accounting and tax, unit registry services, investment operations outsourcing, and specialized custody solutions.
Earlier this year, Northern Trust announced that for the third consecutive year, Asia Asset Management had recognized it for "Best Client Servicing in Asia-Pacific," citing its commitment to personalized client service, integrated business intelligence, product innovation and customizable capabilities.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 states, Washington, D.C., and 18 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2013, Northern Trust had assets under custody of US$5.6 trillion, and assets under investment management of US$884.5 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures