Northern Trust Creates New International Sec Lending Role

Northern Trust has appointed Sunil Daswani to the newly created role as head of International Securities Lending across Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC).

He will take on the new role while assuming his current responsibilities as head of Transition Management Sales and Relationship Management.

“By combining responsibility for our transition management and securities lending businesses under his leadership we are well placed to continue to support our clients’ needs as they evolve and extend across both aspects of our global Capital Markets business,” says Andy Clayton, global head of Securities Lending.

In addition, Northern Trust has named Dane Fannin as head of Securities lending APAC, and Mark Snowdon as head of its Capital Markets Client Servicing team in APAC.

“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,” adds 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.”