Northern Trust has hired Alvin Chia as its head of digital assets innovation for Asia Pacific, the financial services firm said in an announcement on Monday.
Based in Singapore, Chia is responsible for delivering innovations aligned to the company’s digital asset strategy to clients across the Asia-Pacific region. 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 & Company and previously the vice president of innovation at DBS Bank.
Northern Trust provides asset servicing, investment management and wealth management services for institutions, high-net-worth individuals and families. Earlier this year, the company announced that it is setting up a digital assets and financial markets group to unify the firm’s digital and traditional market functions across its asset servicing business.
“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,” Chapman said in the announcement..
The company was founded in Chicago in 1889, and as of September 30, 2022, had assets under custody/administration of US$12.8 trillion, and assets under management of US$1.2 trillion.