Northern Trust has made three senior hires in its Sydney and Melbourne offices as a response to business expansion and enhanced local product capabilities.
Tania Tuxford and David McWilliams have been hired as business development managers and Simon McDonough has been hired to lead the expansion of the firm’s trading desk capabilities.
Tuxford and McWilliams will drive sales across Northern Trust’s institutional business servicing asset owners and asset managers in the Australasia region in the Sydney and Melbourne offices respectively.
Norther Trust in Australasia head, Madeleine Senior, said: “We see an increasing demand from institutional clients for products, services and technology solutions that help them navigate the ever-changing complexities associated with various regulations, whilst optimizing investment performance and managing risk”.
Tuxford was most recently a senior relationship manager with ANZ wealth and has worked at Citi and RBC Investor Services.
McWilliams was most recently a senior relationship and sales manager at J.P. Morgan Investor Services, and has worked at ANZ Custodian Services, Bank of New York in London, Mercury Asset Management, and State Street.
McDonough joins from ITG in Sydney where he was vice president, electronic sales and trading. He has more than 20 years of industry experience trading Asia-Pacific equity markets on both the buy and sell side at Deutsche Asset Management, ABN Amro, and J.P. Morgan.
“As we continue to grow our capabilities and expand access to our range of institutional asset servicing and asset management solutions from our Melbourne and Sydney offices, Simon’s extensive experience and expertise is invaluable in ensuring we are best placed to meet our client’s evolving requirements,” Senior said.