A key architect of the compulsory retirement savings system lauds its many achievements, stretching from the national economy to the individual. Where it’s double faulting is in serving members – and it needs to be addressed promptly.
With performance and diversification driving demand, these funds are expected to experience four-fold global growth over the next decade to nearly $AU65 trillion.
Northern Trust makes Melbourne role regional
(Pictured: Peter Jordan)
Northern Trust has expanded its Melbourne-based fund services role through the promotion of Peter Jordan to head up Asia Pacific, following the return of Camie West, the well-known Hong Kong-based executive, to Chicago head office.
Jordan was appointed head of Australia and New Zealand for Northern’s global fund services unit earlier this year, having spent more than 20 years with the firm. He was previously based in London, heading up global institutional relationships.
West will return to the US to become head of strategic client relationships, based in Chicago. She headed up the global fund services Asian business, from Hong Kong, for the past three years.
Jordan and West report to divisional head, Peter Cherecwich, who is based in the US, while Jordan also reports to regional corporate head, William Mak, based in Singapore.
Cherecwich said: “Our asset manager clients operate on a global scale regardless of their country of origin. Peter and Camie’s wealth of knowledge and global industry experience will ensure we are well positioned to offer innovative solutions to meet the needs of these increasingly global clients.”
