Northern Trust has promoted its chief administrative officer in Asia-Pacific, to lead its business in South East Asia and operate as country head for Singapore.
Yen Leng Ong will lead the firm’s asset servicing business activities and drive growth across its business lines including asset management and capital markets in the region.
She first joined Northern Trust in 2009 as a senior product manager and became chief administrative officer last year, overseeing the regional business and product strategy.
Ong will report to William Mak, head of APAC at Northern Trust, who said she will instrumental in growing the client base across the region.
“Her valuable experience in product strategy will ensure our APAC clients benefit from our asset servicing solutions designed to help them navigate challenges and increasing complexity in the market,” he added.
Northern Trust currently has 11 offices in Asia-Pacific and has seen its assets under custody in the region grow by more than 80% since 2011.