MELBOURNE, Australia & GUERNSEY--(BUSINESS WIRE)--Northern Trust announced today that Rohan Singh will become managing director for Northern Trust in Australia and New Zealand. Singh replaces Paul Cutts who will assume the role of country head for the Channel Islands, based in Guernsey. The transition for both roles will take effect on 1 November 2011.
Since joining Northern Trust in 2007 Singh has been head of sales for Northern Trust's asset servicing business in the Asia-Pacific (APAC) region, based in Singapore. He will relocate to Melbourne in October and will report to Teresa Parker, Chief Executive Officer for APAC.
As the new country head for the Channel Islands, responsible for Northern Trust’s businesses in Jersey and Guernsey, Cutts will report functionally to Peter Cherecwich, Head of Global Fund Services, and regionally to Wilson Leech, Chief Executive Officer for Europe, Middle East and Africa (EMEA). He replaces long time Northern Trust executive Vic Holmes, who retires at the end of November.
"We are pleased to announce these changes, which demonstrate Northern Trust's deep bench of executive talent and commitment to our growing business in Australia and New Zealand and our Global Fund Services operations in the Channel Islands," Parker and Cherecwich said in a joint statement.
Singh brings more than 17 years of experience in securities services to the managing director position in Australia and New Zealand. As head of asset servicing sales for APAC, he has made a significant contribution to Northern Trust's business development in the region. He came to Northern Trust from Citigroup, where he was head of sales for South Asia. Previously, he assumed a number of business management and sales roles in Singapore, Australia, and London, all with an APAC focus.
"Under Paul Cutts, Northern Trust has steadily built our presence and capabilities in Australia and New Zealand to better serve our growing client base," Parker said. "I am confident that Rohan Singh, with his years of global and regional experience, will continue our growth as a full-service provider to these markets."
“This appointment to serve as managing director of Australia and New Zealand is a great opportunity and I look forward to delivering Northern Trust’s leading capabilities to our client base of large, sophisticated institutions,” said Singh. “Paul made great strides in the Australian market in a relatively short time span, building an impressive client list that includes some of the largest government entities, superannuation funds and asset managers in the region. Northern Trust has a unique suite of offerings for Australian clients, and I am eager to align those offerings with market demands.”
Northern Trust is a full-service provider to the Australian market and delivers a range of solutions for superannuation funds and investment managers; including Australian investment accounting, unit registry services, investment operations outsourcing, and specialised custody solutions. Northern Trust utilises its single global operating platform to combine the scale and expertise of a global organisation with the focus and experience of a local provider.
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 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2011, Northern Trust had assets under custody of US$4.4 trillion, and assets under investment management of US$684.1 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.
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- Northern Trust operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority and the Australian Securities & Investments Commission (AFS Licence No: 314970).
- The Northern Trust Company of Hong Kong Limited is a securities company regulated by the Securities and Futures Commission.
- The Northern Trust Company has a Singapore Branch which is a foreign wholesale bank regulated by the Monetary Authority of Singapore.
- The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission
- Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency.
- Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission.
- Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission.
- Northern Trust International Fund Administration Services (Ireland) Limited, Northern Trust Securities Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland.
- Northern Trust Global Services Limited has a Netherlands Branch which is authorised and regulated in the Netherlands by De Nederlandsche Bank.
- Northern Trust Global Services Limited has a Luxembourg Branch which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
- Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF).
- Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008 which is authorised and regulated by the Central Bank of the United Arab Emirates.
- The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.
- Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen.
- Northern Trust Global Investments Limited has a Netherlands branch which is authorised by the Financial Services Authority and subject to regulation in The Netherlands by the Autoriteit Financiële Markten.
- Northern Trust Global Investments Limited has a Sweden branch which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen.