Northern Trust has appointed Angelo Calvitto to lead its asset servicing business across the Asia-Pacific region.
Based in Melbourne, Calvitto would be expected to drive the growth and development of Northern Trust’s asset servicing business serving institutional clients across central banks, sovereign wealth funds, public pension funds, government agencies, investment management firms, insurance companies and other large sophisticated global institutions.
Calvitto joined Northern Trust in 2008 and was most recently country head in Australia. He would succeed William Mak who was retiring from the company after 11 years.
Mak led the expansion of Northern Trust’s footprint across the Asia-Pacific region from Singapore, which this year celebrates 25 years since it was first established as Northern Trust’s regional headquarters.
Calvitto had more than 30 years global custody services experience and held positions in operations, investment administration, fund services, relationship management and sales in both Australian and UK markets.
Prior to joining Northern Trust, Calvitto worked for ANZ Custodian Services and State Street.
Peter Cherecwich, Northern Trust president of corporate and institutional services, said the Asia-Pacific region was 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,” Cherecwich said.
“Ange, through his leadership of our business in Australia, has demonstrated his expertise in bringing our solutions to clients and we look forward to seeing him harness his experience across the region and continuing to build on William’s successful legacy.”