Northern Trust appoints Brian Ovaert as Country Manager for Hong Kong. In this role, Ovaert will oversee an expanded Hong Kong office and Northern Trust sales and relationship teams delivering a range of services including global custody, fund administration, investment operations outsourcing and asset management solutions for institutional clients in the region. Ovaert comes to the Hong Kong office from Bangalore, India, where he was Chief Executive Officer of Northern Operating Services, Pvt. Ltd.

Northern Trust announced that Brian Ovaert, a veteran Northern Trust executive, has been appointed Country Manager for Hong Kong. In this role, Ovaert will oversee an expanded Hong Kong office and Northern Trust sales and relationship teams delivering a range of services including global custody, fund administration, investment operations outsourcing and asset management solutions for institutional clients in the region. A 21-year Northern Trust employee, Ovaert comes to the Hong Kong office from Bangalore, India, where he was Chief Executive Officer of Northern Operating Services, Pvt. Ltd. In addition to his role as CEO of Northern Operating Services, Ovaert has been Asia-Pacific Regional Head of Operations & Technology (O&T) for Northern Trust since 2012. He will retain the O&T role, overseeing teams in Singapore, Hong Kong and Melbourne as well as Bangalore. Prior to his posts in India, Ovaert held executive roles in London and Chicago, including Senior Business Unit Risk Officer for O&T, European regional head of O&T and worldwide head of fund administration, since joining Northern Trust in 1992.

Northern Trust has established an office in Frankfurt, Germany, as part of a continuing commitment to servicing clients as close to their home market as possible. Northern Trust Management Services (Deutschland) GmbH has been established to provide investment operations outsourcing services to Allianz Global Investors, and with whom Northern Trust has a strong existing relationship across North America, Europe and Asia Pacific. Through the expansion of its investment operations outsourcing capabilities in Germany, Northern Trust now provides services for a total of EUR 110 billion (approximately USD 134 billion) in assets in Germany. From its Frankfurt office, Northern Trust will also begin servicing assets for Allianz Global Investors' other pan-European locations.