Northern Trust opens Australian sec lending shop
18 August 2016 Sydney
Image: Shutterstock
Northern Trust has established a securities lending trading desk in Australia.
The new desk, based in Sydney, will be manned by Bun Eng, senior trader and client executive for the securities lending business in Australia and New Zealand.
Eng was most recently based in Northern Trust’s Hong Kong office and will continue to work closely with the global team providing clients with an extended trading window and local expertise.
“We are delighted to establish a capital markets presence in Australia,” said Dane Fannin, head of capital markets for the Asia Pacific at Northern Trust. “Growing Northern Trust’s geographic footprint in the region maximises trading capabilities and service for our clients.”
The new securities lending desk in Sydney follows Northern Trust’s acquisition of institutional equity brokerage business Aviate Global. The bank also has an office in Melbourne.
Northern Trust’s Sydney office will also be home to Kia Oboudiyat, who has moved to Australia from Chicago to be senior sales representative for foreign exchange.
In his new role in Sydney, Oboudiyat will be responsible for providing client services support and exploring sales opportunities across the Asia Pacific region.
“Asia Pacific is the fastest growing region for Northern Trust and Australia is an important part of that growth,” said Madeleine Senior, head of Australia and New Zealand at Northern Trust.
“Our Australian clients are institutional investors with sophisticated requirements and expanding our capital markets business ensures we are best placed to continue to support them, directly from our offices in Australia.”
The new desk, based in Sydney, will be manned by Bun Eng, senior trader and client executive for the securities lending business in Australia and New Zealand.
Eng was most recently based in Northern Trust’s Hong Kong office and will continue to work closely with the global team providing clients with an extended trading window and local expertise.
“We are delighted to establish a capital markets presence in Australia,” said Dane Fannin, head of capital markets for the Asia Pacific at Northern Trust. “Growing Northern Trust’s geographic footprint in the region maximises trading capabilities and service for our clients.”
The new securities lending desk in Sydney follows Northern Trust’s acquisition of institutional equity brokerage business Aviate Global. The bank also has an office in Melbourne.
Northern Trust’s Sydney office will also be home to Kia Oboudiyat, who has moved to Australia from Chicago to be senior sales representative for foreign exchange.
In his new role in Sydney, Oboudiyat will be responsible for providing client services support and exploring sales opportunities across the Asia Pacific region.
“Asia Pacific is the fastest growing region for Northern Trust and Australia is an important part of that growth,” said Madeleine Senior, head of Australia and New Zealand at Northern Trust.
“Our Australian clients are institutional investors with sophisticated requirements and expanding our capital markets business ensures we are best placed to continue to support them, directly from our offices in Australia.”
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