Peter Jordan to lead Northern Trust’s global fund services business in Australia and New Zealand
Northern Trust has appointed Peter Jordan as head of global fund services in Australia and New Zealand.
Jordan, who relocated to Melbourne from London earlier this year, will oversee the business’s asset servicing offerings for investment managers and fund companies.
In his new role, Jordan reports to Peter Cherecwich, head of global fund services, and Rohan Singh, country head of Australia and New Zealand.
“Asia-Pacific is the fastest growing region for Northern Trust with assets under custody growing at an annual rate of 26 per cent from 2008 through 2013, and assets under management growing by 15 per cent annually over that five-year period,” says Teresa Parker, head of Northern Trust in Asia-Pacific. “We are pleased to welcome Peter to Australia. His global experience and expertise will ensure we remain well-placed to continue to evolve alongside our clients’ requirements.”
Jordan joined Northern Trust in 1992 and was most recently chief administration officer for global fund services and responsible for Northern Trust’s global institutional client relationships. Prior to this, he was managing director of Northern Trust Ireland where he led the expansion of Northern Trust’s fund administration business across Europe.
“For more than 30 years Northern Trust’s Global Fund Services business has supported a range of complex investment strategies on behalf of our investment management clients and Australia and New Zealand have proven to be key growth areas for us,” says Cherecwich. “Now amid volatile market conditions and an ever-changing regulatory landscape, we see an increasing demand for innovative, tailored solutions that support the requirements of our sophisticated Australian and New Zealand investors.”
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