Northern Trust names five senior regional roles

Northern Trust Corporation has announced five senior-level appointments for its Asia-Pacific team, in response to recent and expected future growth from the region.

Friedrich Burian has been named head of risk management for the Asia-Pacific region, based in Singapore. Burian was previously head of Europe Middle East Asia Risk Management in London and has over 15 years risk management experience at Northern Trust.

Martin Joyce, also a Northern Trust veteran, has been named regional human resources director. Joyce joined Northern TrustÆs operating department in 1974 and has held a number of positions in human resources since 1980, most recently as head of global compensations and benefits.

Julia McKenny has been named regional general counsel and has relocated to Melbourne, from London. McKenny, who has worked in financial services in Australia and London, joined Northern Trust in 2006 from JPMorgan Chase Bank.

Kathy Dugan has been named head of asset servicing product development for the region. Dugan has over 15 years industry experience and joined Northern Trust from State Street in 1998. Prior to her new role, she was instrumental in the development and rollout of Northern TrustÆs tax-transparent, cross border asset pooling product.

Jacqueline Mak has been named client relationship manager, based in Hong Kong, for Northern TrustÆs asset management arm. Mak joined Northern Trust in 2001, and prior to her current responsibilities, was an investment relationship manager in Northern TrustÆs Chicago office.

ôTo support our strategic objectives and in addition to these recent appointments, we also aim to add resources to our operations hubs in Singapore and Bangalore as well as our Asia-Pacific client service team,ö says Gregg Behrens, Northern TrustÆs regional head for Asia-Pacific.

Northern Trust has made a big push to enter Asia-Pacific over the past two years, with Singapore serving as the companyÆs regional hub. From Singapore, Behrens û who assumed his role in August last year û runs the Australia, China, Hong Kong, Japan and New Zealand operations as well as the companyÆs operations department in the Indian city of Bangalore.

Between 2005 and 2007, Northern Trust more than doubled its assets under custody for Asia-Pacific clients, including winning three headline custody mandates namely, the A$51 billion ($42 billion) Future Fund, the NZ$11.5 billion ($8 billion) New Zealand Superannuation Fund, and a portion of ChinaÆs multi-billion dollar National Social Security Fund, which is the first institutional retirement fund in China to invest overseas. It also signed an agreement in November 2006 with Bank of Communications to act as its overseas custodial agent.

The asset management arm of Northern Trust û Northern Trust Global Investments (NTGI) û announced a distribution partnership in 2007 with First Taisec Capital Management to offer retail investors in Taiwan the opportunity to invest in a range of manager-of-managers funds. Earlier in 2007, NTGI also partnered with Resona Trust & Banking, one of JapanÆs top five trust banks, to offer a manager-of-managers investment fund to ResonaÆs Japanese pension fund clients.

Chicago-based Northern Trust provides investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. As at December 2007, Northern Trust had assets under custody of $4.1 trillion, and assets under investment management of $757.2 billion.