Northern Trust has announced the appointment of a new head of Hong Kong, Macau and Taiwan, and a new head of global funds services in Asia.
Caroline Higgins will assume the role of head of Hong Kong, Macau and Taiwan from Caroline Hwang, and will report to Angelo Calvitto, its recently appointed head of Asia-Pacific.
In the new role, Higgins will oversee Northern Trust’s asset servicing business activities across the three markets, and will also assume executive management responsibilities for Northern Trust’s Hong Kong office.
Higgins joined Northern Trust in 2016 and before that, held various senior leadership and client management positions at Brown Brother Harriman, State Street and UBS.
Meanwhile, Iain Carey will assume Higgins’ prior role as head of global fund services for Asia and will report directly to her. Carey will oversee client service and the offering of Northern Trust’s fund administration solutions to clients across the region.
Prior to this new role, Carey was most recently head of hedge fund services for Asia-Pacific and has worked at Northern Trust sine 2010. Before this, Carey worked for an independent financial advisor in Australia.
“We are pleased to make these strategic appointments. Both Caroline and Iain have the regional experience and industry expertise to drive the expansion and enhancement of solutions we offer to asset managers and asset owners across Asia,” said Calvitto.
“Through their leadership we will continue our focus on delivering quality client service and innovative digital- and data-driven solutions.”