Northern Trust has hired Michael Wu as deputy chief representative of Northern Trust’s Beijing representative office, as the corporation focuses on continuing to develop in mainland China.
In this newly created role, Wu will work closely with Kevin Tan, chief representative for Northern Trust’s representative pffice in Beijing to continue to cultivate relationships with clients and regulators and further position Northern Trust as a financial services provider in China.
Wu joins Northern Trust from State Street, where he spent 12 years in roles spanning operations, project management, and business development across Asia Pacific (“APAC”). Most recently he was head of operations for North Asia.
“Northern Trust continues to expand our presence across APAC, and we now have over 1000 employees across our network of regional centres. We’re delighted to welcome Michael to the team. His expertise and knowledge of the Chinese marketplace will be invaluable as we continue to develop relationships in China, win mandates and serve our clients’ increasingly sophisticated requirements,” says Gregg Behrens, head of APAC, Northern Trust.
Northern Trust has had a presence in China since 2002. In October 2006, Northern Trust announced it had been selected to provide global custody, investment mandate compliance monitoring, and performance measurement services to China’s multi-billion dollar National Social Security Fund (“NSSF”) the first institutional retirement fund in China to invest overseas.