Northern Trust has announced a series of appointments within its global capital markets business.
Sunil Daswani has been appointed to the newly created role of head of international securities lending across Europe, Middle East Africa (EMEA) and Asia Pacific (APAC). Daswani joined Northern Trust in 2002 and has held a number of roles based in London and Hong Kong, most recently as head of client service and sales for Northern Trust’s Capital Markets group in EMEA and APAC.
In addition to his new responsibilities, Daswani maintains oversight of Northern Trust’s transition management sales and relationship management teams across EMEA and APAC.
Reporting to him are Dane Fannin, based in Hong Kong, and Mark Snowdon, based in Singapore. They assume the newly created roles of head of securities lending, APAC and head of Northern Trust’s capital markets client servicing team in APAC, respectively.
Fannin maintains his existing responsibilities as head of the APAC trading desk. Snowdon was previously a senior sales and relationship manager in Northern Trust’s London office.
“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, and we see continued interest from institutional investors for our tailored products and solutions,” said William Mak, head of Northern Trust in APAC. “Through these newly created roles we create synergies across our business and ensure we are best placed to deliver the highest levels of client service and offer innovative solutions.”
Northern Trust says its capital markets group comprises securities lending and transition management services and offers solutions to diverse global clients across 26 countries. It has a 30-year track record of providing securities lending services, supported by strong risk management policies and procedures.
