HONG KONG -- (BUSINESS WIRE) --
Northern Trust (Nasdaq:NTRS) announced today that Michael Wu has been appointed to the newly created role of head of its Greater China region.
Wu was most recently country manager for Northern Trust’s Beijing Branch. In his new role he will have executive management responsibilities for the Hong Kong office, in addition to his current responsibilities for the Beijing Branch. He will report to William Mak, head of Asia-Pacific, Northern Trust.
"Northern Trust's business in the Asia-Pacific region has expanded dramatically over the past five years, with assets under custody growing at an annual rate of 13 percent,” said Mak. “Michael’s extensive experience will be invaluable as we continue to strengthen our service capabilities and extend our asset servicing and asset management businesses across the Greater China region.”
Wu was appointed as chief representative for Northern Trust Beijing Representative Office in 2008. Under his leadership, Northern Trust successfully received approval for its branch license from the China Banking Regulatory Commission (CBRC) in 2010, allowing Northern Trust to provide client services directly from the Beijing office.
Northern Trust has a network of nine locations across Asia-Pacific, in Australia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore and South Korea. It offers asset servicing and asset management solutions to sophisticated institutional investors and affluent individuals worldwide.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. Chicago-based Northern Trust has offices in 19 states, Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2014, Northern Trust had assets under custody of US$6 trillion, and assets under investment management of US$934.1 billion. For 125 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com and follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures