The firm said it has hired BlackRock’s former vice president, Shane Teunissen, as senior institutional sales manager.
Teunissen has more than 14 years of industry experience working across Australia and New Zealand.
In addition to Teunissen’s appointment, the firm has named Ann-Marie Garry as sales associate. She joined Northern Trust following its acquisition of Bank of Ireland Securities Services in 2011.
“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,” Steve Potter, president said.
Teunissen and Garry will report to Bert Rebelo, head of business development for Northern Trust Asset Management in Australia and New Zealand.
“Asia-Pacific is the fastest growing region for Northern Trust and we are pleased to expand our existing capabilities in Melbourne,” said William Mak, head of the Asia-Pacific region at Northern Trust.
On 31 December, Northern Trust had $934.1bn in assets under management.