Melbourne-based Angelo Calvitto has been appointed as head of Asia Pacific (APAC) at Northern Trust, succeeding William Mak.
In this role, Calvitto will lead Northern Trust’s asset servicing business serving institutional clients across central banks, sovereign wealth funds, public pension funds, government agencies, investment management firms, and insurance companies.
Calvitto has been with Northern Trust since 2008 and most recently served as country head in Australia.
He has held positions in operations, investment administration, fund services, relationship management and sales in both Australian and UK markets.
During his career, he has gained 30 years of global custody services experience, and prior to Northern Trust, he worked for ANZ Custodian Services and State Street.
Meanwhile, Mak is retiring from Northern Trust after 11 years. He previously led the expansion of Northern Trust’s footprint across the APAC from Singapore.
Peter Cherecwich, president of Corporate & Institutional Services, Northern Trust, comments: “We thank William Mak for his service and leadership and are delighted to name Calvitto to this important role.”
“The APAC 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,” explains Cherecwich.
“Calvitto, 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 Mak’s successful legacy,” he adds.
In May, Northern Trust appointed Arthur Hill as senior vice president, head of product management for asset servicing, based in Chicago.
