Citi’s former European head of securities services to join Northern Trust
Northern Trust underwent an organisational restructure within its asset servicing leadership at the end of last year.
Northern Trust underwent an organisational restructure within its asset servicing leadership at the end of last year.
The changes include a new global head of asset servicing for custody operations and a new global head of fund administration operations.
Senthil Kumar joins BNY Mellon as its new chief risk officer, as the bank looks to strengthen its risk management and compliance capabilities.
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The custodian will also provide depositary, clearing and foreign exchange solutions for Pacific Asset Management's UCITS funds.
Citi has recently gained a number of licenses from Chinese financial regulators that have enabled it to do business for foreign investors in the country.
Todd Johnson has previously worked as head of international prime brokerage at Deutsche Bank, and head of European prime brokerage at Citi.
Rapidly-growing fund administrator selects Citi to provide custody services to its asset management clients.
The consolidation of the US assets, representing $39 billion, with Citi as its single provider successfully went live in December last year.