George Hindmarsh will be Northern Trust’s new head of Asia Pacific business development, with responsibility for leading the company's continued growth in asset servicing.
Hindmarsh joins Northern Trust from Citi Transaction Services, where he was responsible for securing asset servicing mandates from European financial institutions investing into Asia.
Previously, he held client relationship roles for HSBC in Hong Kong and Canada. At Northern Trust, Hindmarsh will oversee a regional sales team for corporate and institutional services with members that are based in Singapore and Australia, and report to Teresa Parker, CEO for the Asia-Pacific region.
“Hindmarsh has a record of creating innovative solutions, developing new markets and closing landmark mandates, and we are pleased to welcome him as sales leader for the Asia-Pacific region,” said Parker.
Asia-Pacific is the fastest-growing global region for Northern Trust, in terms of assets under custody, with an annual growth rate of 9 percent from 2007 through 2011.
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