Northern Trust (Nasdaq: NTRS) has named Dave Sauvarin as head of its Guernsey business, replacing Belinda Aspinall who assumes a senior role in the company’s London office.
Sauvarin who joined Northern Trust in 1995, following its acquisition of Barings FSG, was
most recently chief risk officer for Northern Trust in the Channel Islands. During his 23 years at
Northern Trust, Sauvarin has held various leadership positions including serving as a director of
Northern Trust International Fund Administration Services (Guernsey) Limited where he was
head of governance services.
In his new role, effective 2 April 2018, Sauvarin will report to Teresa Parker, president of
Northern Trust in Europe, Middle East and Africa and will be responsible for supporting the
continued growth of Northern Trust’s business in the Channel Islands.
“We are delighted to appoint Dave to lead our business in Guernsey,” said Parker. “His
experience and local expertise across our alternative investment fund administration business
will ensure through his leadership we continue to best meet our clients’ requirements.”
Northern Trust traces its origins in the Channel Islands back to 1972 and today is Guernsey’s
largest administrator and custodian of domiciled and non-domiciled funds by total net assets as
well as the largest transfer agent by total net assets, according to the 2017 Monterey Insight
Guernsey Fund Report.
In 2017, Northern Trust in collaboration with IBM, States of Guernsey and the Guernsey
Financial Services Commission announced it had launched the first commercial deployment of
blockchain technology for the private equity market for a Guernsey-domiciled fund.