Northern Trust AM names new Asia-Pacific head

Northern Trust Asset Management has transferred a senior executive from the US to oversee the Asia-Pacific region, including Australia and New Zealand, AsianInvestor can reveal. John McCareins, who will move to Hong Kong this month from group headquarters in Chicago, will focus on building the firm's investment-outsourcing business in the region, among other things. He replaces Bo Kratz, who left late last year to become Asia-Pacific chief executive at Conning, a US insurance a…