Northern Trust names new global head of securities lending
31 October 2018 Chicago
Image: Shutterstock
Northern Trust has appointed Dane Fannin as global head of securities lending, effective 1 January.
In his new role, Fannin will relocate from Hong Kong to Chicago, having most recently served as head of capital markets for Asia Pacific (APAC).
Fannin will report to Michael Vardas, global head of Northern Trust capital markets, and he will work closely with Andy Clayton, head of capital markets for Europe, Middle East and Africa.
Mark Snowdon will take Fannin’s place in an expanded role as head of capital markets for APAC.
Snowdon was most recently responsible for Northern Trust’s regional securities lending sales and relationship management, based in Singapore.
He joined Northern Trust in 2010 and prior to his current role, Snowdon spent five years in Northern Trust’s London Office.
Commenting on the new appointments, Vardas said: “Securities lending has a critical role to play in optimising performance for asset managers, and asset owners, across their investment programmes.”
“In today’s increasingly complex and uncertain investment environment, forward-thinking firms are able to do this whilst operating within client-specific guidelines and risk management parameters.”
“Dane Fannin, through his global experience, will lead the development, expansion and innovation of Northern Trust’s securities lending capabilities for our global clients.”
William Mak, head of Northern Trust in APAC, added: “The Asia-Pacific region is an important area of growth for Northern Trust. As markets in the region continue to seek innovative Capital Markets products, we see significant opportunity to bring our customizable capabilities to the region.”
“Mark Snowdon, through his experience and understanding of our client needs is well-placed for this leadership role.”
In his new role, Fannin will relocate from Hong Kong to Chicago, having most recently served as head of capital markets for Asia Pacific (APAC).
Fannin will report to Michael Vardas, global head of Northern Trust capital markets, and he will work closely with Andy Clayton, head of capital markets for Europe, Middle East and Africa.
Mark Snowdon will take Fannin’s place in an expanded role as head of capital markets for APAC.
Snowdon was most recently responsible for Northern Trust’s regional securities lending sales and relationship management, based in Singapore.
He joined Northern Trust in 2010 and prior to his current role, Snowdon spent five years in Northern Trust’s London Office.
Commenting on the new appointments, Vardas said: “Securities lending has a critical role to play in optimising performance for asset managers, and asset owners, across their investment programmes.”
“In today’s increasingly complex and uncertain investment environment, forward-thinking firms are able to do this whilst operating within client-specific guidelines and risk management parameters.”
“Dane Fannin, through his global experience, will lead the development, expansion and innovation of Northern Trust’s securities lending capabilities for our global clients.”
William Mak, head of Northern Trust in APAC, added: “The Asia-Pacific region is an important area of growth for Northern Trust. As markets in the region continue to seek innovative Capital Markets products, we see significant opportunity to bring our customizable capabilities to the region.”
“Mark Snowdon, through his experience and understanding of our client needs is well-placed for this leadership role.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
