Northern Trust Makes Senior Leadership Appointment in Hong Kong

Hong Kong, July, 20, 2023 – Northern Trust (Nasdaq: NTRS) today announces the appointment of Benze Lam as the head of Northern Trust’s Hong Kong entity, in a newly created position to foster greater innovation and global collaboration, continuing its commitment and momentum in the region.

Based in Hong Kong, Lam will retain his position as Head of Asia, ex Japan for Northern Trust’s Asset Management business in the region, and report to John McCareins, head of Northern Trust Asset Management in Europe, Middle East, Africa and Asia Pacific. In this leadership role, Lam will assume overall management oversight responsibilities for Northern Trust’s Hong Kong office. He will lead business strategy, large client and regulatory relationships across the Asia region for Northern Trust Asset Management.

“We are pleased to have Benze at the helm of our Hong Kong business and continuing our commitment in Asia,” said McCareins. “His deep industry expertise and capabilities will be instrumental to the continued expansion of Northern Trust’s offering to asset managers, asset owners and clients in the region.”

Prior to joining Northern Trust in 2014, Lam was the head of sales for China Offshore at UBS Global Asset Management where he was responsible for client relationship management across market segments in China for overseas investments. He has also held various roles in Fidelity, State Street and Morgan Stanley and has worked in Sydney, Singapore and Beijing.

Northern Trust has an established network of offices across Asia Pacific in Beijing, Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune, Singapore, Sydney and Tokyo. It has strong relationships with some of the region’s largest central banks, sovereign wealth funds, government agencies, corporations and asset managers, offering a comprehensive range of customized asset servicing, asset management and capital markets solutions.

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 22 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2021, Northern Trust had assets under custody/administration of US$14.8 trillion, and assets under management of US$1.4 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.

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