Funds Management News
Northern Trust appoints new head of Australia
Custodial services and asset management provider Northern Trust has appointed 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.
Senior, who will start in her role on 1 September, will 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.
She will join the Australasian business from Northern Trust’s United Kingdom office, where she was head of business development for Northern Trust’s asset servicing business in Europe, Middle East and Africa. Before that, she was managing director of the Nordic region, based in Stockholm.
She will report to William Mak, head of Asia-Pacific for Northern Trust. “Northern Trust’s business in the Asia-Pacific region has expanded dramatically over the past five years, with assets under custody growing at an annual rate of 13 per cent,” Mak said. “Madeleine has been instrumental in the successful growth of our European business during a time of increased regulatory change and market consolidation, and her leadership and expertise will be invaluable in ensuring the continued expansion of our business in Australia and New Zealand.”
Northern Trust recently decided to expand its asset management activities in Australia and relocated institutional business and strategy senior vice president for Asia-Pacific Bert Rebelo from Hong Kong to Melbourne, while it also appointed two sales representatives for Australia and New Zealand. It will not be the first time Senior leads the extension of a Northern Trust office.
In 2011, when Senior was managing director of the Nordic region, Northern Trust decided to extend its asset servicing offering to include asset management products and services for clients across the region.