Paul Cutts, managing director of Northern Trust Company Australia and New Zealand, is to take on the role of chair for the Australian Custodial Services Association (ACSA).
Cutts will replace Bryan Gray, who has recently left the organisation.
Cutts said that the investment infrastructure in Australia will be a major focus for the organisation in the future.
"As a community of custodians, fund administrators and service providers we do provide collectively a great deal of infrastructure that supports the financial services industry in Australia," he added.