This publication brings more news of moves and appointments in the Asia wealth management sector.

Northern Trust, the Chicago-headquartered banking group, has appointed Ali Sheikh as head of hedge fund services for the Asia-Pacific region, based out of Hong Kong. Sheikh reports to Peter Sanchez, global head of Northern Trust’s hedge fund services arm. He takes over from Jeb Altonaga who has left the firm, a spokesperson told this publication.

"With record assets of $5.3 billion raised in Asia, the hedge fund industry continues to evolve with service demands," Sanchez said.

Sheikh joined the bank in 2011 as a part of Northern Trust’s acquisition of Omnium from Citadel, where he began working in 2008. Most recently, Sheikh was a senior relationship manager for Northern Trust’s hedge fund services business in New York.