Northern Trust is expanding its operations in Asia by opening a new office in Pune, India.
The Pune office will complement existing operations located across the region, including Bangalore, India, and Manila, the Philippines, and is expected to house more than 500 employees within two years.
The new office will be located at Panchshil Tech Park Yerwads and is expected to open in July 2016.
Northern Trust chairman and CEO Frederick Waddell commented: “We are delighted to further expand our operational capabilities in Asia.”
“India offers a growing talent pool of highly educated individuals and the Pune office will play a key role in supporting our clients in the Asia Pacific region, enabling us to offer them support across time zones.”
Mano Mathews will head the new office, reporting to Mosur Saidsekar. Mathews joined Northern Trust in 2009 and most recently served as head of hedge fund services in Bangalore.
Saisekar added: “We are pleased to continue the expansion of our operations in India. From 200 employees in 2006, we now employ more than 3,600 people in India, and this latest expansion in Pune will further drive our growth and presence in the region, ensuring we are well positioned to continue to support Northern Trust’s clients.”
