Northern Trust (NTRS) has announced the new head of its Australasia business, Angelo Calvitto, replacing Madeleine Senior who will assume a new leadership role in NTRS’ London office.
Calvitto would be responsible for leading NTRS’ business in Australia, New Zealand and the Pacific Islands, and would provide asset servicing, management and capital markets solutions to sophisticated institutional and investment manager clients.
Calvitto has had an extensive career in financial services spanning 30 years, and has previously worked in custody operations, investment fund services, relationship management and sales both in Australia and the UK.
William Mak, head of Asia-Pacific for NTRS, said NTRS has undergone a dynamic period of expansion over the past few years, and Calvitto has made a valuable contribution to increasing the client base, product capabilities and footprint in the Australasia region.
“His leadership, experience and regional expertise will ensure we remain best-placed to support the unique needs of our clients across the region,” he said.
Calvitto would assume his role in June this year and report to Mak.
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.
The $89 billion fund has announced a new leadership role within its private markets team.