To support the continued momentum of Northern Trust’s hedge fund administration business, Northern Trust has appointed David Burnett as head of Northern Trust hedge fund services in Emea.

Based in London, Burnett will lead Northern Trust hedge fund services in Emea, reporting to Peter Sanchez, global head of Northern Trust Hedge Fund Services.

“Managing hedge funds amidst the challenges of today’s market environment requires the right combination of expertise, automation and controls,” said Peter Sanchez, global head of Northern Trust hedge fund services. “David has been instrumental in integrating hedge fund services in Emea and his invaluable experience will ensure we are best placed to continue providing outstanding client service using innovative technology.”

“Data management is critical to the success of our client’s ability to meet regulatory, investor, and operational requirements,” said Burnett. “Our technology delivers real-time, transparent and consolidated data which supports meeting the diverse range of stakeholder data requirements.”

Burnett joined Northern Trust in 2011 as head of relationship management, Emea, following Northern Trust’s acquisition of Omnium from Citadel. He has more than 15 years of financial services experience, including roles at Omnium and Citadel Investment Group.

Since its acquisition in 2011, Northern Trust hedge fund services has seen a period of rapid growth attracting more than 95 new client mandates and over $200bn in assets under administration, including one from the world’s largest global hedge fund managers, Bridgewater Associates.