The new team will offer asset management services to institutional investors in Australia and New Zealand.

“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,” said the president of Northern Trust Asset Management, Steve Potter.

To support the regional expansion, the asset manager has appointed Shane Teunissen as senior institutional sales manager and Ann-Marie Garry as a sales associate. 

Teunissen joins from his position as vice president at BlackRock in Melbourne, while Garry was most recently sales associate for Northern Trust’s asset servicing business in Melbourne. Both will report to the head of business development for Northern Trust Asset Management in Australia and New Zealand, Bert Rebelo. 

“Asia-Pacific is the fastest growing region for Northern Trust and we are pleased to expand our existing capabilities in Melbourne,” said the head of Asia-Pacific at Northern Trust, William Mak.

Northern Trust first established its Melbourne office in 2007 to provide asset servicing and custody services to clients domiciled in Australia and New Zealand.

As of the end of 2014, the group had assets under custody of $6 trillion, and assets under investment management of $934.1 billion worldwide.