Northern Trust has appointed David Burnett as head of Northern Trust Hedge Fund Services in Europe, Middle East and Africa (EMEA).

Based in London, Burnett will lead Northern Trust Hedge Fund Services in EMEA, reporting to Peter Sanchez, Global Head of Northern Trust Hedge Fund Services.

Sanchez said: “Managing hedge funds amidst the challenges of today’s market environment requires the right combination of expertise, automation and controls.”

“David has been instrumental in integrating Hedge Fund Services in EMEA and his invaluable experience will ensure we are best placed to continue providing outstanding client service using innovative technology,” he added.

With more than 15 years of financial services experience, Burnette joined Northern Trust in 2011 as head of Relationship Management, EMEA, following Northern Trust’s acquisition of Omnium from Citadel.

Since its acquisition in 2011, Northern Trust Hedge Fund services has seen a period of rapid growth attracting more than 95 new client mandates and over $200bn in assets under administration, including one from the world’s largest global hedge fund managers, Bridgewater Associates.

“Data management is critical to the success of our client’s ability to meet regulatory, investor, and operational requirements,” said Burnett.

“Our technology delivers real-time, transparent and consolidated data which supports meeting the diverse range of stakeholder data requirements,” he said.

Northern Trust Hedge Fund Services provides solutions to the asset management industry through its ability to streamline the interactions between all parties involved and improve efficiencies between administrators, custodians, fund managers, asset owners and fund raisers.

Capabilities include middle office and administration services, specializing in trade processing, valuation, real-time reporting, cash management, accounting, collateral management and investor servicing.