Money Management

Northern Trust recruits 2 new executives

Northern Trust has made a couple of senior appointments across its institutional client service and business development teams, spokesman John O'Connell said.

Shaun Flavin was named head of North American institutional sales, while Johnson Har has joined the firm as an institutional sales manager in Hong Kong.

Mr. Flavin replaces Jon Dunham, a senior vice president, who was promoted to head of global sales for corporate and institutional services, a new position. Mr. Har meanwhile, replaces Maggie Fan, who left Northern Trust in November. Mr. O'Connell did not know where Ms. Fan went.

Mr. Flavin is responsible for asset servicing sales, including global custody and transition management, to large institutional investors in North America. He is based in Chicago and reports to Mr. Dunham.

Mr. Har will focus on client solutions for asset owners and asset managers across China, Hong Kong, Taiwan and South Korea. He will report to Angelo Calvitto, senior vice president and head of sales, Asia-Pacific.

Mr. Flavin was director and senior relationship executive for Mellon Capital Management. Mr. Har was a vice president, business development and client relations for SS&C Technologies.

It could not be learned by press time whether they were replaced; Mellon Capital spokesman Stan Neve and SS&C spokeswoman Jennifer Molgano could not be immediately reached for comment.

Northern Trust had $1 trillion in assets under management as of March 31.