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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Northern Trust Announces New Sales Head for U.K.

Apr 29, 2013
Jing Chen

Chicago banking giant Northern Trust announced Monday that its hedge fund administration unit has named a new head of sales for its U.K. business.

Northern Trust said in a statement released Monday that Jeremy Hester, who was most recently the head of sales for Northern Trust in Australia and New Zealand, will now be responsible for offering investment operations outsourcing and fund administration to managers based in the U.K.

Madeleine Senior, the head of sales for Northern Trust’s global fund services and institutional investor group businesses in Europe, Middle East and Africa, explained that Hester’s “proven track record and broad experience working with some of the world’s most sophisticated asset managers and institutional investors” led to his reappointment.

Northern Trust had $5 trillion in assets under custody of US$5 trillion, and $810.2 billion in assets under investment management as of March 31.

Source: 

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