Northern Trust appoints new head of Australia and New Zealand operations

Melbourne, Australia–(BUSINESS WIRE)–Northern Trust (Nasdaq: NTRS) today announced that it has appointed Leon Stavrou leading its operations in Australia and New Zealand.

Stavrou was most recently a Director of Global Services responsible for Northern Trust’s asset management operations across Australia and ensuring the delivery and development of Northern Trust’s bespoke range of asset management solutions to customers throughout Asia-Pacific. He succeeds Angelo Calvitto, who was appointed head of Northern Trust in Asia-Pacific in June this year.

Effective October 1, 2021, Stavrou will be responsible for overseeing the overall strategic direction of Northern Trust’s business in delivering solutions to its sophisticated corporate and institutional clients across the region. He will report to Calvitto.

“Leon is a proven and trusted leader and we are delighted to appoint him to lead our business in the region,” said Calvitto. “His experience working with sophisticated institutional clients with unique requirements will support us as we continue our business momentum and bring innovative solutions to our clients in Australia and New Zealand.”

Stavrou has over 20 years of experience in the asset servicing industry, including the last 11 years with Northern Trust. Prior to joining Northern Trust, Leon held senior roles at National Australia Bank Asset Servicing. His qualifications include a Bachelor of Commerce from the University of Melbourne, a Chartered Accountant (CPA) and a Post-Graduate Diploma in Applied Finance and Investment (FINSIA).

Northern Trust is a full-service provider, offering a full range of tailored asset management, asset management and capital markets solutions to its institutional clients and investment managers in Australia and New Zealand.

Northern Trust employs over 200 people in its Sydney and Melbourne offices and is the second-largest depositary in the Australian market by total assets under custody, according to data from the Australian Custodial Services Association as of June 2021.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2021, Northern Trust had assets under custody/administration of US$15.7 trillion and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA Please read our global and regulatory information.