Robotics and automation has been touted to generate $20 billion in savings across the securities services industry.
Madeleine Senior, who has served as country head for almost three years, will take on a new leadership role in London.
The US bank will provide custody and investment services to Genworth’s AUD$3.5 billion investment portfolio.
The former global head of collateral management product at JP Morgan, who joined Lombard Risk in 2016, will head up the expansion.
BNY Mellon will offer custody services to clients of Australian-based One Investment Group.
Regulator accuses custodians in Australia of failing to adhere to new rules.
Northern Trust has made three new hires to its Sydney and Melbourne offices as it increases its presence in Australia.
Authorities in Hong Kong and Australia have signed an agreement to foster innovation in Asia.
Sally Surgeon, Northern Trust’s head of client services for Australasia, will also head up the custodian’s office in Sydney.
Northern Trust will continue to provide custody services for the AUS $40 billion Australian government employee and defence force pension fund.