Northern Trust Appoints Burnett to Head EMEA Hedge Fund Unit

Northern Trust has appointed David Burnett to head the bank’s Hedge Fund Services unit for the Europe, Middle East and Africa (EMEA) region.

Based in London he will lead its hedge fund administration business in EMEA, reporting to Peter Sanchez, global head of Northern Trust Hedge Fund Services.

“Managing hedge funds amidst the challenges of today’s market environment requires the right combination of expertise, automation and controls,” says Sanchez. “David has been instrumental in integrating Hedge Fund Services in EMEA and his invaluable experience will ensure we are best placed to continue providing outstanding client service using innovative technology.”

Burnett joined Northern Trust in 2011 as head of Relationship Management, EMEA, following its acquisition of Omnium from Citadel.

Since the acquisition, Northern Trust Hedge Fund services has attracting more than 95 new client mandates and over US$200 billion in assets under administration, including one from the world’s largest global hedge fund managers, Bridgewater Associates.