Northern Trust has recruited Madhu Gayer, the former head of risk at Sydney-based boutique bond manager Kapstream Capital, as head of risk and analytical services for Asia Pacific.

Based in Hong Kong, Gayer will be responsible for client relations for investment risk and analytical services, as well as product development for Norther Trust in the region.

Gayer has been involved in developing and implementing risk and analytics for funds managers in the region for the past 12 years. At Kapstream he developed the firm’s proprietary risk systems and was responsible for the risk budgeting and analysis for its absolute return global bond fund.

Prior to Kapstream, Gayer was head of investment analytics at Challenger Financial Services.