People Moves

New Head Of Global Fund Services For Asia-Pacific At Major US Bank

Radhika Badiani 11 August 2014

New Head Of Global Fund Services For Asia-Pacific At Major US Bank

There has been a reshuffle in the Global Fund Services arm of Northern Trust in Asia-Pacific.

Northern Trust, the US-headquartered banking group, has named Peter Jordan as new head of global fund services for the Asia-Pacific region, replacing Camie West, who will return to Chicago and assume the role of head of strategic client relationships for the GFS business.

Jordan was earlier this year appointed as head of GFS in Australia and New Zealand to support the firm's growing fund service. In his new, freshly-expanded role, he will report to Peter Cherecwich, head of GFS and William Mak, Singapore-based head of Northern Trust in the Asia-Pacific region. Jordan joined the firm in 1992 and has served as chief administration officer for Northern Trust GFS, from his London base, where he was responsible for the firm’s global institutional client relationships and was also involved in the business expansion in Ireland, where he was managing director for three years.

West, the outgoing head of GFS, was involved in growing the business’ regional hub in Hong Kong. In her new role, she will lead the group responsible for large, global and prospective GFS clients, the firm said in a statement.

Among recent moves at the bank were those of Benze Lam, who in late June was named head of the Greater China region, responsible for the asset management business strategy across Asia-Pacific and, in particular, Greater China. In May, Northern Trust named a new Asia-Pacific head, to succeed Teresa Parker who is moving to the US to assume a key role at the headquarters.

William Mak is now head of the Asia-Pacific region, after serving as Singapore country manager and head of the South East Asia region since July 2010. Parker had been head of the region since August 2009. As of 30 June, Northern Trust had assets under custody of $6 trillion, and assets under investment management of $924.4 billion.

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