Northern Trust has promoted Ali Sheikh to the position of head of hedge fund services for the Asia Pacific (APAC) region.
Currently a senior relationship manager for the Northern Trust hedge fund services business in New York, Sheikh will now be based in Hong Kong, and will report to Peter Sanchez, global head of hedge fund services.
Sheikh joined Northern Trust with the acquisition of Omnium LLC in 2011, having worked for Omnium since 2008.
Sanchez said: “We are pleased that Ali will be leading our Hedge Fund Services Business in Asia-Pacific.”
He added: “With record assets of $5.3 billion raised in Asia, the hedge fund industry continues to evolve with service demands. Northern Trust understands the challenges and is uniquely positioned to cater to industry movements.”
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