Northern Trust has appointed Teresa A. Parker as Chief Executive Officer of the Asia-Pacific region, replacing Gregg D. Behrens, who will retire on 30 November.
Parker comes to the Asia-Pacific region from Northern Trust’s London office, where she has held leadership roles over the past 15 years, most recently as Executive Vice President and head of client servicing for Europe, Middle East and Africa.
Parker, who joined Northern Trust in 1982, has held leadership positions in global custody operations including serving as the head of worldwide asset servicing, securities lending and chief operating officer for Europe, Middle East and Africa. Based in Singapore, Parker will be responsible for all business activity in Northern Trust’s Asia-Pacific offices, located in Bangalore, Beijing, Hong Kong, Melbourne, Singapore and Tokyo.
Behrens is retiring after 35 years at Northern Trust. Named Northern Trust’s first CEO of the Asia-Pacific region in 2007, Behrens has established a regional management structure across all business functions, including asset servicing, asset management and operations.
“Northern Trust’s presence in Asia-Pacific continues to grow as we commit new resources and expertise to serve our expanding client base in the region,” says Frederick H. Waddell, president and chief executive officer, Northern Trust. “Teresa has a proven track record of leading partners across different regions to meet the needs of large, sophisticated global clients. Her background is well-suited to our Asia-Pacific clients and to Northern Trust’s plans for growth in this region.”
“Gregg has created a strong foundation of oversight, governance and risk management for measured and sustainable growth in the Asia-Pacific region,” says Waddell. “Over the years, he has been a tremendous partner in all aspects of our business, ably representing Northern Trust in his professionalism, integrity and enthusiastic leadership.”
L.D.