LONDON, July 2 /Xinhua-PRNewswire/ -- Northern Trust has hired Michael Wu as Deputy Chief representative of Northern Trust's Beijing representative office, as the corporation focuses on continuing to develop in mainland China.
In this newly created role, Mr. Wu will work closely with Kevin Tan, Chief Representative for Northern Trust's Representative Office in Beijing to continue to cultivate relationships with clients and regulators and further position Northern Trust as a leading global financial services provider in China.
Mr. Wu joins Northern Trust from State Street, where he spent 12 years in roles spanning operations, project management, and business development across Asia Pacific ("APAC"). Most recently he was head of operations for North Asia.
Says Gregg Behrens, head of Northern Trust in APAC: "Northern Trust continues to expand our presence across APAC, and we now have over 1000 employees across our network of regional centres. We're delighted to welcome Michael to the team. His expertise and knowledge of the Chinese marketplace will be invaluable as we continue to develop relationships in China, win mandates and serve our clients' increasingly sophisticated requirements."
Northern Trust has had a presence in China since 2002. In October 2006, Northern Trust announced it had been selected to provide global custody, investment mandate compliance monitoring, and performance measurement services to China's multi-billion dollar National Social Security Fund ("NSSF") -- the first institutional retirement fund in China to invest overseas.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a multibank holding company based in Chicago, has a growing network of 85 offices in 18 U.S. states and has international offices in 15 locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2008, Northern Trust had assets under custody of US$4.0 trillion, and assets under investment management of US$778.6 billion. Northern Trust, founded in 1889, has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit http://www.northerntrust.com.
For more information, visit http://www.northerntrust.com
Northern Trust operates in China as a Representative Office and is regulated by the China Banking Regulatory Commission (CBRC).
Where Northern Trust's UK entities undertake regulated business, they are authorised and regulated in the United Kingdom by the Financial Services Authority.
Northern Trust operates in Australia as a Representative Office and is regulated by The Australian Prudential Regulatory Authority (APRA).
Northern Trust in Hong Kong is a securities company regulated by the Securities and Futures Commission.
