Northern Trust has hired Caroline Higgins, formerly of Brown Brothers Harriman (BBH), as the head of its global fund services business in Asia.
In her most recent role, Higgins was head of transfer agency in Asia for BBH. She will continue to be based in Hong Kong.
The appointment is significant because the Asia-Pacific is the fastest-growing region for Northern Trust, according to William Mak, head of the company in the region. "We are pleased to appoint Caroline to spearhead our focus on expanding our global fund services business here," he says.
Higgins is tasked with supplying fund services to asset managers in Asia as well as increasing the firm's Asia-specific products.
Earlier this year, Northern Trust appointed a new managing director for its asset management business in the region.
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