Calvitto Succeeds William Mak who Retires After 35 Year Career in Financial Services

MELBOURNE, Australia & SINGAPORE--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) today announces it has named Angelo (Ange) Calvitto to lead its asset servicing business across the Asia-Pacific region.

Calvitto who was most recently country head for Northern Trust in Australia will succeed William Mak who is retiring from the company after 11 years. Mak led the expansion of Northern Trust�s footprint across the Asia-Pacific region from Singapore, which this year celebrates 25 years since it was first established as Northern Trust�s regional headquarters. Today the company has 11 offices across the region.

From his Melbourne base, Calvitto who joined Northern Trust in 2008, will drive the growth and development of Northern Trust�s asset servicing business serving institutional clients across central banks, sovereign wealth funds, public pension funds, government agencies, investment management firms, insurance companies and other large sophisticated global institutions.

�We thank William for his service and leadership and are delighted to name Ange to this important role,� said Peter Cherecwich, president of Corporate & Institutional Services, Northern Trust. �The Asia-Pacific region is a leading centre for technology innovation, with Singapore as a key hub, particularly for our blockchain initiatives. More broadly, we continue to see significant demand for our entire range of asset servicing solutions across the region.

�Ange, through his leadership of our business in Australia, has demonstrated his expertise in bringing our solutions to clients and we look forward to seeing him harness his experience across the region and continuing to build on William�s successful legacy,� he added.

Calvitto has more than 30 years global custody services experience and has held positions in operations, investment administration, fund services, relationship management and sales in both Australian and UK markets. Prior to joining Northern Trust, Calvitto worked for ANZ Custodian Services and State Street. He holds an MBA from RMIT University.

Northern Trust has offices across Asia-Pacific in Beijing, Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune, Seoul, Singapore, Sydney and Tokyo. It has strong relationships with some of the region�s largest central banks, sovereign wealth funds, government agencies and corporations, offering a comprehensive range of customized asset servicing, asset management and capital markets solutions.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2021, Northern Trust had assets under custody/administration of US$14.8 trillion, and assets under management of US$1.4 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for 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 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.

Contacts

Media

Europe, Middle East, Africa & Asia-Pacific:
Camilla Greene

+44 (0) 20 7982 2176

[email protected]

Marcel Klebba

+44 (0) 20 7982 1994

[email protected]

US & Canada:

John O�Connell

+1 312 444 2388

John_O�[email protected]