The unit is responsible for offering investment operations outsourcing, fund administration and the full range of asset servicing solutions, to investment managers domiciled in the UK.
Hester joined Northern Trust in 1994 and was most recently head of sales for Northern Trust in Australia and New Zealand, where he was instrumental in growing the bank’s client base in the region. His previous role in Northern Trust’s Melbourne office has been assumed by Angelo Calvittowho is also responsible for client relationship management in that region.
'Northern Trust works closely with all of our prospective clients to understand their business and tailor solutions to support their specific needs', said Madeleine Senior, head of sales for Northern Trust’s Global Fund Services and Institutional Investor Group businesses in Europe, Middle East and Africa. 'Jeremy has a proven track record and broad experience working with some of the world’s most sophisticated asset managers and institutional investors. Following his outstanding contribution to our Australian business we are pleased to welcome him back to London'.
During Hester’s tenure as head of sales in Australia and New Zealand, Northern Trust extended its fund servicing business in the strategic segments of investment operations outsourcing and superannuation funds.
Calvitto, who joined Northern Trust in Melbourne in 2008, has assumed responsibility for sales in Australia and New Zealand as an extension of his existing responsibilities as head of client relationship management. Calvitto reports to Rohan Singh, Country Head Australia at Northern Trust.
'Investment managers across the globe, operating in challenging economic conditions, increasingly require tools to help manage risk, ensure transparency and deliver timely and accurate reporting', said Peter Cherecwich, head of Global Fund Services at Northern Trust. 'Through our range of sophisticated solutions, we can support investment managers with their evolving requirements and, as a result of Jeremy’s appointment, look forward to working with many of them'.
Northern Trust's Global Fund Services business provides fund administration services to more than 470 asset managers, including 25 percent of the top 100 asset managers, across the globe. It offers fund administration capabilities, global custody, performance measurement, compliance monitoring, investment risk and analytics, back and middle office investment operations outsourcing, cross border asset pooling to investment managers worldwide. Its dedicated team of experts support the most complex of funds across traditional and alternative asset classes including hedge funds, Fund of hedge funds, private equity, infrastructure and real estate funds.