Northern Trust announced today that Rohan Singh will become managing director for Northern Trust in Australia and New Zealand. Singh replaces Paul Cutts who will assume the role of country head for the Channel Islands, based in Guernsey. The transition for both roles will take effect on 1 November 2011.
Since joining Northern Trust in 2007 Singh has been head of sales for Northern Trust’s asset servicing business in the Asia-Pacific (APAC) region, based in Singapore. He will relocate to Melbourne in October and will report to Teresa Parker, Chief Executive Officer for APAC.
As the new country head for the Channel Islands, responsible for Northern Trust’s businesses in Jersey and Guernsey, Cutts will report functionally to Peter Cherecwich, Head of Global Fund Services, and regionally to Wilson Leech, Chief Executive Officer for Europe, Middle East and Africa (EMEA). He replaces long time Northern Trust executive Vic Holmes, who retires at the end of November.
“We are pleased to announce these changes, which demonstrate Northern Trust’s deep bench of executive talent and commitment to our growing business in Australia and New Zealand and our Global Fund Services operations in the Channel Islands,” Parker and Cherecwich said in a joint statement.
Singh brings more than 17 years of experience in securities services to the managing director position in Australia and New Zealand. As head of asset servicing sales for APAC, he has made a significant contribution to Northern Trust’s business development in the region. He came to Northern Trust from Citigroup, where he was head of sales for South Asia. Previously, he assumed a number of business management and sales roles in Singapore, Australia, and London, all with an APAC focus.
“Under Paul Cutts, Northern Trust has steadily built our presence and capabilities in Australia and New Zealand to better serve our growing client base,” Parker said. “I am confident that Rohan Singh, with his years of global and regional experience, will continue our growth as a full-service provider to these markets.”
“This appointment to serve as managing director of Australia and New Zealand is a great opportunity and I look forward to delivering Northern Trust’s leading capabilities to our client base of large, sophisticated institutions,” said Singh. “Paul made great strides in the Australian market in a relatively short time span, building an impressive client list that includes some of the largest government entities, , superannuation funds and asset managers in the region. Northern Trust has a unique suite of offerings for Australian clients, and I am eager to align those offerings with market demands.”
Northern Trust is a full-service provider to the Australian market and delivers a range of solutions for superannuation funds and investment managers; including Australian investment accounting, unit registry services, investment operations outsourcing, and specialised custody solutions. Northern Trust utilises its single global operating platform to combine the scale and expertise of a global organisation with the focus and experience of a local provider.