Northern Trust has appointed Peter Jordan as head of global fund services in Australia and New Zealand.

Jordan will lead Northern Trust Global Fund Services in Australia and New Zealand, overseeing its asset servicing offerings for investment managers and fund companies. He will report to Peter Cherecwich, head of global fund services and Rohan Singh, country head of Australia and New Zealand.

“Asia Pacific is the fastest growing region for Northern Trust with assets under custody growing at an annual rate of 26% from 2008 through 2013 and assets under management growing by 15% annually over that five year period,” said Teresa Parker, head of Northern Trust in Asia Pacific.

Jordan joined Northern Trust in 1992 and was most recently chief administration officer for global fund services and responsible for Northern Trust’s global institutional client relationships. Prior to this, he was managing director of Northern Trust Ireland where he led the expansion of Northern Trust’s fund administration business across Europe.

“For more than 30 years, Northern Trust’s global fund services business has supported a range of complex investment strategies on behalf of our investment management clients and Australia and New Zealand have proven to be key growth areas for us,” said Cherecwich.

“Amid volatile market conditions and an ever-changing regulatory landscape, we see an increasing demand for innovative, tailored solutions.”