He succeeds William Mak, who is retiring from the company after 11 years leading the firm's expansion across the Asia-Pacific region from Singapore.
Chicago-headquartered wealth and asset manager Northern Trust has appointed Angelo Calvitto as its head of Asia-Pacific, who will drive the growth and development of Northern Trust’s asset servicing business from his Melbourne base, according to an announcement on Tuesday.
Calvitto joined Northern Trust in 2008. Over his career, which spans three decades, Calvitto has held positions in operations, investment administration, fund services, relationship management and sales in Australian and the U.K. for the likes of ANZ and State Street.
APAC Demand
«The Asia-Pacific region is a leading centre for technology innovation, with Singapore as a key hub, particularly for our blockchain initiatives. More broadly, we continue to see significant demand for our entire range of asset servicing solutions across the region,» Peter Cherecwich, Northern Trust president of corporate and institutional services, said.
Northern Trust has offices across Asia-Pacific in Beijing, Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune, Seoul, Singapore, Sydney and Tokyo. As of March 31, 2021, the firm had assets under custody/administration of $14.8 trillion, and assets under management of $1.4 trillion.
