Friday, 28 April 2017
Last updated 5 hours ago
Apr 6 2016 | 8:44pm ET
Northern Trust has named John McCareins as head of asset management in the Asia-Pacific region.
McCareins will be based in Hong Kong, according to the company, and will oversee Northern Trust’s asset management services in Asia, Australia and New Zealand. He will report to William Mak, executive vice president and head of Northern Trust in Asia-Pacific, and Wayne Bowers, CEO and CIO of Northern Trust Asset Management in EMEA and APAC.
Prior to taking on his new role, McCareins was head of the retirement practice outsourced CIO business within Northern Trust’s multimanager solutions group in Chicago. With more than 18 years of investment experience, he has been a senior investment officer and client service leader in OCIO for over 10 years. Before joining Northern Trust, he worked at T. Rowe Price where he was responsible mutual fund and sub-advisory product development.
“John is a seasoned investment professional who has an excellent track record in asset management through investment thought leadership and high level client service,” said Bowers in a statement. “He brings deep knowledge and his leadership and expertise will continue to position us for growth across the region.”
APAC is Northern Trust’s fastest-growing region, the company said. It has a network of nine offices in Australia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore and South Korea, and will open an office in India in July 2016.
Northern Trust Asset Management is a global asset management firm serving institutional and individual investors in 29 countries, with $875 billion in assets under management as of December 31, 2015. It’s parent, Northern Trust Corporation, was founded in Chicago in 1889 and now has assets under custody of $6.1 trillion and AUM of $875 billion.