George Hindmarsh Joins Northern Trust as Asia Pacific Business Development Head

SINGAPORE--(BUSINESS WIRE)--Northern Trust announced today it has appointed George Hindmarsh as Head of Asia Pacific Business Development, with responsibility for leading the company's continued growth in asset servicing for corporations, sovereign wealth funds, central banks, government entities, superannuation funds, asset managers and other institutional clients in the region.

“George Hindmarsh has a record of creating innovative solutions, developing new markets and closing landmark mandates, and we are pleased to welcome him as sales leader for the Asia-Pacific region”

Hindmarsh has 15 years of banking industry experience and joins Northern Trust from Citi Transaction Services, where he was most recently Director Head of UK Investor Services Product. At Northern Trust, Hindmarsh will oversee a regional sales team for Corporate & Institutional Services with members based in Singapore and Australia, and report to Teresa A. Parker, Chief Executive Officer for the Asia-Pacific region.

“George Hindmarsh has a record of creating innovative solutions, developing new markets and closing landmark mandates, and we are pleased to welcome him as sales leader for the Asia-Pacific region,” Parker said. “In recent years, Northern Trust has experienced substantial growth in Asia-Pacific, in terms of assets and new clients, as well as the staff, products and capabilities to provide the level of service required by sophisticated investors in the region. Under George’s leadership, I am confident that our business development efforts will continue to be very successful and our strategic relationships in the region will be strengthened.”

Asia-Pacific is the fastest-growing global region for Northern Trust, in terms of assets under custody, with an annual growth rate of 9 percent from 2007 through 2011. Regional staff has grown to more than 3,100 people, including the addition of Investment Operations Outsourcing and Hedge Fund Services teams and senior appointments in the Melbourne office. Northern Trust also continues to win industry recognition, including the “Best Client Servicing Award” from Asia Asset Management magazine, ‘Top Rated Global Custodian in Asia-Pacific’ by Global Custodian and “Best Custody Specialist” from The Asset in 2012. (Click here to see a full list of awards Northern Trust has received).

Hindmarsh’s experience includes positions at Citi as head of the Asia Sales Desk, based in London, where he was responsible for securing asset servicing mandates from European financial institutions investing into Asia, and in asset servicing sales and relationship management, based in Hong Kong. Previously, he held client relationship roles for HSBC in Hong Kong and Canada. Hindmarsh’s appointment at Northern Trust marks his return to the Asia-Pacific region, bringing his global experience to the new role.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2012, Northern Trust had assets under custody of US$4.6 trillion, and assets under investment management of US$704.3 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission. Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission. Northern Trust International Fund Administration Services (Ireland) Limited, Northern Trust Securities Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland. Northern Trust Global Services Limited has a Luxembourg Branch, which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Northern Trust Global Investments Limited has a Netherlands branch, which is authorised by the Financial Services Authority and subject to regulation in the Netherlands by the Autoriteit Financiële Markten. Northern Trust Global Services Limited has a Netherlands Branch, which is authorised and regulated in the Netherlands by De Nederlandsche Bank. Northern Trust Global Investments Limited has a Sweden branch, which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen. Northern Trust Global Services Ltd (UK) Sweden Filial is authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen. Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office. Our registered office is authorised and regulated by the Central Bank of the United Arab Emirates. The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority. The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission. The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong Securities and Futures Commission. Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency. The Northern Trust Company has a Singapore Branch, which is a foreign wholesale bank regulated by the Monetary Authority of Singapore. The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch, which is an authorised foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorised trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.

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