Teresa Parker steps down as head of Asia Pacific at Northern Trust
13 May 2014
Category: News, Asia, Global, Singapore, USA
By Asia Asset Management
William Mak has been appointed head of Asia-Pacific at Northern Trust, succeeding Teresa A Parker, who will assume a key strategic role at the company’s headquarters in Chicago.
Mr. Mak has been Singapore country manager and head of Southeast Asia region since joining Northern Trust in July 2010. A Singapore native, he has more than 25 years of experience in the region’s financial services industry. Prior to joining Northern Trust, he was with BNY Mellon, ABN AMRO, and the Monetary Authority of Singapore in the monetary and reserve management division, where he spent 16 years. As head of Asia-Pacific he will lead almost 3,600 Northern Trust employees in offices located in Bangalore, Beijing, Hong Kong, Kuala Lumpur, Melbourne, Singapore and Tokyo.
Northern Trust Chairman and Chief Executive Officer Frederick H Waddell said: “William Mak’s experience and market knowledge in global custody, asset servicing and asset management make him a valuable leader who is well positioned to maintain our organic growth and strong client relationships in this region.”
Ms. Parker has been head of Asia-Pacific since August 2009, coming to the region from senior leadership posts in the London office. She joined the firm in 1982 and has held leadership positions in global custody operations including serving as the head of worldwide asset servicing, securities lending and chief operating officer for Europe, Middle East and Africa. In June, she will relocate to Chicago to serve as a strategic adviser to Steven L Fradkin, corporate and institutional services president, and his leadership team.