Strategy to stay intact under new Northern Trust head

Chicago-based asset management and servicing group Northern Trust has promoted William Mak to Asia-Pacific head to succeed Teresa Parker, who is returning to the US after four-and-a-half years in the region. Parker will in June take up a strategic role as adviser to corporate and institutional services president Steven Fradkin at the firm’s Chicago headquarters. Mak says the group's strategy will not change under his remit. He was previously country manager for Singapore, and No…