Northern Trust poaches two from State Street for capital markets business
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Northern Trust poaches two from State Street for capital markets business 04 September 2019Sydney Reporter: Maddie Saghir
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Northern Trust has brought in fresh blood for its capital markets business to respond to a growing demand for its solutions globally and establish a transition management presence in Sydney.
The bank鈥檚 capital markets desks also provide trading and execution services on behalf of institutional clients, including securities lending, foreign exchange and institutional brokerage.
Northern Trust鈥檚 new transition management desk is led by newcomer Mat Cook (pictured, left), who has joined from State Street to manage the bank鈥檚 services for Asia-Pacific from its Sydney office.
Cook has worked as a transition manager for State Street since 2010.
Ben Jenkins, global head of transition management at Northern Trust Capital Markets, said: 鈥淓stablishing our transition management footprint in Australia further extends our global capabilities.鈥�
鈥淭oday鈥檚 uncertain, often complex environment means our clients require sophisticated, bespoke solutions for their portfolio transitions. With trading desks in Chicago, London and now Sydney, Northern Trust is ideally-placed to support our clients鈥� strategies ever more closely鈥搃n their home markets and globally.鈥�
Elsewhere, Rob Dixon also made the move from State Street to join the Northern Trust鈥檚 capital markets business in London in December 2018. In his new role, Dixon will support the bank鈥檚 clients across Europe, the Middle East and Africa.
He was previously based in State Street鈥檚 Sydney office as a transition manager, with responsibilities across Asia Pacific, from 2014 to 2018.
Between 2007 and 2014, Dixon worked at Mercer, BNY Mellon and Citi respectively as a transition manager.
In August, Northern Trust鈥檚 Sydney office was also bolstered by the arrival of Grace Hayman, who was promoted to senior relationship manager for the bank鈥檚 securities lending business in Australia and New Zealand.
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