Northern Trust Asset Management has hired a former BlackRock vice-president as it expands its asset management sales and client servicing team in Melbourne.
Shane Teunissen will assume the role of senior institutional sales manager and will focus on sales activities and client services for Australia and New Zealand.
Northern Trust will now offer its full range of customised asset management solutions to institutional investors across Australia and New Zealand, a company statement said.
The firm's head of the Asia-Pacific region, William Mak, said: “Asia-Pacific is the fastest growing region for Northern Trust and we are pleased to expand our existing capabilities in Melbourne”.
“Offering asset management capabilities to institutions in Australia and New Zealand through the establishment of a local sales and client servicing team underlines our commitment to continuing to offer our clients solutions as close to their home market as possible,” he said.
Northern Trust president Steve Potter added that the company is pleased to underline its commitment to the region.
“The Australian superannuation market is highly sophisticated and we see significant opportunity to bring our experience and expertise in devising customised solutions for sophisticated institutional investors across the globe to this attractive market,” Mr Potter said.
In addition to Mr Teunissen’s appointment, Ann-Marie Garry has been named as sales associate for Australia.