Northern Trust promotes from within for new head of global foreign exchange

Incoming global FX head has been with Northern Trust since 2006; will oversee institutional FX solutions across direct FX, eFX, currency management, and custody.

Northern Trust has promoted from within for its new head of global foreign exchange within its capital markets business.

Dane Fannin has been named global head of global foreign exchange (GFX) and securities finance. In his new role, he will be responsible for innovation and business growth across Northern Trust’s suite of GFX and securities finance solutions.

GFX covers institutional FX solutions across liquidity, trading, transaction processing, outsourcing, eFX, currency management, and custody.

Fannin takes up his new role after spending the last 17 years at Northern Trust within its capital markets business in Asia Pacific and London, most recently as its global head of securities finance. He originally joined the bank in 2006 in a securities lending role.

“We are excited to announce this expansion in Dane’s responsibilities which reflect his strong vision and leadership in the development of our integrated capabilities across our global securities finance business,” said Guy Gibson, executive vice president and global head of capital markets, banking and treasury services, whom Fannin will report to.

“Dane’s dual focus will support our clients as they increasingly look for holistic solutions across their FX and securities finance needs to meet their liquidity and portfolio optimisation objectives.”