Northern Trust has promoted Madeleine Senior to the position of head of Australia and New Zealand.
Effective from 1 September, Senior will replace Rohan Singh, who will return to the Singapore office to take up the position of head of Singapore and South East Asia.
Senior joined Northern Trust in 1995 and has held senior positions including managing director of the Nordic Region and, most recently, head of the asset servicing business in Europe, the Middle East and Asia. She will now report to William Mak, head of the Asia Pacific region.
The appointment comes after Northern Trust established an asset management client servicing team in its Melbourne office earlier in this year, in order to offer a broader range of solutions to institutional investors.
Mak said: "Northern Trust's business in the Asia-Pacific region has expanded dramatically over the past five years, with assets under custody growing at an annual rate of 13 percent. The Melbourne office in particular has been a key driver of this growth."
He added: "Madeleine has been instrumental in the successful growth of our European business during a time of increased regulatory change and market consolidation, and her leadership and expertise will be invaluable in ensuring the continued expansion of our business in Australia and New Zealand."
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