Major custodian Northern Trust has announced a new Australia and New Zealand head.
The company announced today that it had named Madeleine Senior as head of Australia and New Zealand, replacing Rohan Singh who will return to Northern Trust's Singapore office as head of Singapore and South East Asia.
The company announcement said Senior would assume the role on 1 September and would be responsible for leading Northern Trust's business in Australia and New Zealand, providing asset servicing and asset management solutions to sophisticated institutional and fund manager clients in these countries.
It said Senior would report to William Mak, head of Asia-Pacific for Northern Trust.
The announcement said Senior had more than 20 years' of experience working in financial services across the globe and joined Northern Trust in 1995. Most recently, she was head of business development for Northern Trust's asset servicing business in Europe, Middle East and Africa (EMEA), where she led the expansion of Northern Trust's client base, product offering and geographical reach across the region. Prior to this, she was managing director of the Nordic region, based in Stockholm.
Commenting on the appointment, Mak said Northern Trust's business in the Asia-Pacific region had expanded dramatically over the past five years and the Melbourne office in particular had been a key driver of this growth.
The $340 billion fund has welcomed three senior investment executives to its London office as it continues to internalise the management of international equities, its single largest asset allocation.
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.