Northern Trust chose Angelo Calvitto to lead its asset servicing business across the Asia-Pacific region.
Calvitto, who was most recently country head for Northern Trust in Australia, will succeed William Mak, who is retiring from the company after 11 years. Mak led the expansion of Northern Trust’s footprint across the Asia-Pacific region from Singapore, which has been the location of the company’s regional headquarters for 25 years. Today, the company has 11 offices across the region.
Calvitto who joined Northern Trust in 2008 and who is based in Melbourne, Australia, will drive the growth and development of Northern Trust’s asset servicing business, serving institutional clients across central banks, sovereign wealth funds, public pension funds, government agencies, investment management firms, insurance companies and other global institutions.
“We thank William for his service and leadership and are delighted to name [Angelo] to this important role,” Peter Cherecwich, president of corporate and institutional services at Northern Trust, said. “The Asia-Pacific region is a leading center for technology innovation, with Singapore as a key hub, particularly for our blockchain initiatives. More broadly, we continue to see significant demand for our entire range of asset servicing solutions across the region.
“[Angelo], through his leadership of our business in Australia, has demonstrated his expertise in bringing our solutions to clients and we look forward to seeing him harness his experience across the region and continuing to build on William’s successful legacy.”
Calvitto has more than 30 years of global custody services experience and has held positions in operations, investment administration, fund services, relationship management and sales in both the Australian and UK markets. Prior to joining Northern Trust, Calvitto worked for ANZ Custodian Services and State Street.
