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Northern Trust Names New Asia Pacific Head of Digital Assets Innovation
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Northern Trust (Nasdaq: NTRS) has appointed Alvin Chia as the new head of Digital Assets Innovation for the Asia Pacific region. Based in Singapore, Chia will lead initiatives aligned with Northern Trust’s digital asset strategy, collaborating with industry stakeholders to drive innovation. Previously an expert at Bain and Company and a vice president at DBS Bank, Chia is well-equipped for this role. This appointment comes as the APAC market undergoes significant technological transformation.
Positive
Appointment of Alvin Chia enhances Northern Trust's digital asset strategy.
Chia's background in innovation and fintech will likely benefit the company.
Negative
None.
SINGAPORE--(BUSINESS WIRE)--
Northern Trust (Nasdaq: NTRS) has hired Alvin Chia as its head of Digital Assets Innovation for Asia Pacific.
Based in Singapore, Chia is responsible for delivering market-leading innovations aligned to Northern Trust’s digital asset strategy to clients across the Asia-Pacific region. He collaborates closely with industry bodies, fintechs, regulators and government entities to positively influence market change. Chia reports to Justin Chapman, global head of Digital Assets and Financial Markets.
Chia was most recently the expert senior manager of Innovation at Bain and Company. Prior to this, he was the vice president of innovation at DBS Bank. Chia holds a Bachelor of Arts in History from the National University of Singapore, where he is currently completing a doctoral degree in digital innovation.
“We continue to see the pace of innovation continuing across the funds administration and custody sector, with the APAC region experiencing a transformational period of change in light of new technologies,” said Chapman. “We are pleased to appoint Alvin to this new role, leveraging his deep skills in fintech to help us continue to drive change and support our clients’ requirements.”
Northern Trustannounced the formation of its Digital Assets and Financial Markets Group in June 2022, unifying its digital and traditional market functions across its Asset Servicing business, which provides Whole Office™ solutions to institutional asset managers and asset owners around the globe.
About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 25 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2022, Northern Trust had assets under custody/administration of US$12.8 trillion, and assets under management of US$1.2 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Twitter @NorthernTrust or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.
