Sally Surgeon, who is head of client services and the Sydney office for Northern Trust, has become the organisation’s new chair. She has been on the body’s board since 2018.
She has replaced NAB Asset Servicing executive of strategy and client solutions David Knights, after two terms in the chairman’s seat.
He will remain on the board as a director, while BNP Paribas chief of staff Daryl Crich has retained his role as treasurer.
Meanwhile, Jennifer Saunders, senior vice-president and chief operating officer at State Street Global Services Australia, has taken the job of deputy chair.
Mr Knights commented ACSA is in strong hands under Ms Surgeon and Ms Saunders.
“I have been honoured to chair the ACSA board for the last six years, successfully implementing significant regulatory and tax reforms, operational enhancements and more recently the industry collaboration through the pandemic,” he said.
“ACSA is well positioned for the future with the appointment of Sally Surgeon as chair and Jennifer Saunders as deputy chair. Their significant global industry experience will be instrumental in navigating the rapidly changing investment operations landscape.”
Ms Surgeon added that she looks forward to taking ACSA forward at a critical time.
“ACSA plays an important role in promoting efficiency in the institutional investment sector, engaging with regulators and bringing the asset servicing industry together for dialogue and networking opportunities,” she said.
“I look forward to taking the role of chair of ACSA as the asset servicing industry continues to meet the challenges of regulatory change, shifting investment patterns and codifying the lessons of the ongoing pandemic disruption.”
