Published by Financial Standard – 7th June 2017
On the back of increased demand for its institutional asset servicing and asset management solutions, Northern Trust appointed a new leader for its recently established Sydney office.
Maintaining her role as head of client services Australasia, Sally Surgeon moved from Northern Trust’s Melbourne office earlier this month to begin her additional role as head of Sydney office.
Surgeon will be responsible for all aspects of Northern Trust’s growing Sydney business, including supporting various industry, client and consultant relationships in the city. She continues to report directly to Northern Trust head of Australasia, Madeleine Senior.
Speaking directly to Financial Standard, Surgeon said her new role was born out of the firm’s acquisition of Aviate Global in 2016, meaning the services offered from Sydney have continued to expand.
“Over the past 12 months, we have seen the office expand across our capital markets business from brokerage to include securities lending and foreign exchange services. We are complementing these additional capabilities by building a local client servicing and sales team in Sydney, focused on bringing our range of innovative asset servicing solutions to our institutional client base,” Surgeon said.
She added that Northern Trust is seeing increased demand for data and solutions that help clients navigate the ever-changing complexities associated with various regulations.
“Technology is a key part of that and Northern Trust has a number of innovation centres focused on connecting the exploration of emerging technology with the real needs of our client base across the globe,” Surgeon said.
Surgeon joined Northern Trust in 2005, in London, before moving to the Melbourne office in 2007. She has more than 20 years’ experience in the financial services industry, performing a range of client-facing roles supporting large, sophisticated and complex clients including investment managers, sovereign wealth funds and insurance and superannuation funds.
Northern Trust is a full-service provider to the Australian and New Zealand market and delivers a range of solutions for institutional clients; including Australian investment accounting and tax, unit registry services, investment operations outsourcing, and specialised custody solutions.
As of March 31, 2017, Northern Trust’s global operations had assets under custody of US$7.1 trillion and assets under management of US$1 trillion.
