Rohan Singh will become managing director for Northern Trust in Australia and New Zealand. Singh replaces Paul Cutts, who will transfer to the role of country head for the Channel Islands, based in Guernsey. Both appointments are effective from 1 November 2011.

Since joining Northern Trust in 2007, Singh has been head of sales for the firm's asset servicing business in the Asia-Pacific region, based in Singapore. He will relocate to Melbourne in October and will report to Teresa Parker, chief executive officer for Asia-Pacific. Before joining Northern Trust, Singh was at Citigroup, where he was head of sales for South Asia.

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, the Middle East and Africa. He replaces veteran 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.

As of end-June, Chicago-based Northern Trust had assets under custody of $4.4 trillion and assets under investment management of $684.1 billion.