LONDON & HONG KONG--(BUSINESS WIRE)--In response to the increasing demand for Northern Trust’s (Nasdaq: NTRS) securities lending and transition management services it has announced a series of appointments within its global capital markets business.
Sunil Daswani has been appointed to the newly created role as head of international securities lending across Europe, Middle East Africa (EMEA) and Asia-Pacific (APAC). Daswani joined Northern Trust in 2002 and has held a number of roles based in London and Hong Kong, most recently as head of client service and sales for Northern Trust’s Capital Markets group in EMEA and APAC.
In addition to his new responsibilities, Daswani maintains oversight of Northern Trust’s transition management sales and relationship management teams across EMEA and APAC.
“We are pleased to appoint Sunil to oversee the expansion of our business offering across EMEA & APAC,” said Andy Clayton, global head of securities lending. “By combining responsibility for our transition management and securities lending businesses under his leadership we are well placed to continue to support our clients’ needs as they evolve and extend across both aspects of our global Capital Markets business.”
Additionally reporting to Daswani are Dane Fannin based in Hong Kong and Mark Snowdon based in Singapore. They assume the newly created roles of head of securities lending, APAC and head of Northern Trust’s capital markets client servicing team in APAC, respectively.
Fannin maintains his existing responsibilities as head of the APAC trading desk in addition to his new role as head of securities lending for the region.
Snowdon will be responsible for leading Northern Trust’s growing team of dedicated team of client service representatives and ensuring the highest levels of service and expertise across Northern Trust’s sophisticated institutional investor client base throughout the region. Prior to his appointment, Snowdon was a senior sales and relationship manager in Northern Trust’s London office.
“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 percent, and we see continued interest from institutional investors for our tailored products and solutions,” said William Mak, head of Northern Trust in APAC. “Through these newly created roles we create synergies across our business and ensure we are best-placed to deliver the highest levels of client service and offer innovative solutions.”
Northern Trust’s Capital Markets Group comprises Securities Lending and Transition Management services and offers solutions to diverse global clients across 26 countries. It has a 30-year track record of providing innovative securities lending services, supported by strong risk management policies and procedures.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2015, Northern Trust had assets under custody of US$6.2 trillion, and assets under management of US$946 billion. For 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit 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