Northern Trust has appointed Angelo (Ange) Calvitto as the head of its asset servicing business across the Asia-Pacific region.

Calvitto will assume the new responsibility from William Mak, who will retire from the company after 11 years.

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In the new role, Calvitto will work to support the growth of Northern Trust’s asset servicing business in the region.

Calvitto has more than 30 years of experience in global custody services. He joined Northern Trust in 2008 and most recently served as the country head for the company in Australia.

Northern Trust Corporate & Institutional Services president Peter Cherecwich said: “We thank William for his service and leadership and are delighted to name Ange to this important role.

“The Asia-Pacific region is a leading centre for technology innovation, with Singapore as a key hub, particularly for our blockchain initiatives. More broadly, we continue to see significant demand for our entire range of asset servicing solutions across the region.

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“Ange, through his leadership of our business in Australia, has demonstrated his expertise in bringing our solutions to clients and we look forward to seeing him harness his experience across the region and continuing to build on William’s successful legacy.”

Northern Trust offers wealth management, asset servicing, asset management and banking services to corporations, institutions, wealthy families and individuals.

Currently, the US-based company has 11 offices across the Asia-Pacific region.

Last month, Northern Trust named Arthur Hill as senior vice president and head of product management for asset servicing.