HONG KONG--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today that it has appointed John McCareins to lead its asset management business across Asia-Pacific (APAC).
Based in the Hong Kong office, McCareins is responsible for overseeing Northern Trust’s asset management activities across Asia, Australia and New Zealand. Northern Trust Asset Management’s activities in the region include global equity portfolio management and global equity dealing from Hong Kong, as well as investment strategy, relationship management and sales teams based in Hong Kong, Japan, Singapore and Australia. McCareins reports functionally to Wayne Bowers, head of Northern Trust Asset Management, EMEA and APAC and locally to William Mak, head of Northern Trust in APAC.
“John is a seasoned investment professional who has an excellent track record in asset management through investment thought leadership and high level client service,” said Bowers. “He brings deep knowledge and his leadership and expertise will continue to position us for growth across the region.”
McCareins has more than 18 years of investment experience, most recently as head of the Retirement Practice Outsourced Chief Investment Officer (OCIO) business within Northern Trust’s Multi-Manager Solutions group. Here he led a team that oversees multi-asset investment programmes with more than US$60 billion in assets for asset owners globally. He has been a senior investment officer and client service leader in OCIO for over 10 years. During his career, he has also worked at T. Rowe Price where he was responsible mutual fund and sub-advisory product development. He holds an MBA from the Tuck School of Business at Dartmouth College and a bachelor’s degree from Northwestern University.
“I am delighted to lead Northern Trust’s asset management business in APAC,” said McCareins. “APAC is our fastest growing region and I look forward to working with our local team to continue to deliver investment solutions that meet the needs of current and prospective clients across the region.”
Northern Trust has a network of nine offices across Asia-Pacific, in Australia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore and South Korea and recently announced the opening of an additional office in Pune, India, in July 2016. It offers asset servicing and asset management solutions to sophisticated institutional investors and affluent individuals worldwide.
Northern Trust Asset Management is a global asset management firm serving institutional and individual investors in 29 countries, with $875 billion in assets under management as of December 31, 2015. Northern Trust Asset Management offers proprietary and multi-manager solutions across all markets and asset classes, from passive to actively managed strategies, delivered in multiple vehicles. For more information, please visit our website or follow us on Twitter @NTInvest.
Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, 50 South Capital Advisors, LLC, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc. and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.
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 December 31, 2015, Northern Trust had assets under custody of US$6.1 trillion, and assets under management of US$875 billion. For more than 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