Northern Trust has appointed Michael Buzza as its global head of network management and market strategy, a role in which he will oversee the teams dedicated to providing market access and insights across the traditional securities services markets within the digital assets and financial markets group.

Buzza, previously the head of market advocacy and innovation research for Europe, the Middle East and Africa, has worked at the company for 16 years. He has previously led strategic agent bank provider selection and was instrumental in a strategic investment in Zodia Custody, an institutional-grade crypto asset custody solution created in conjunction with Standard Chartered.

Northern Trust announced the formation of its digital assets and financial markets group in June 2022, unifying its digital and traditional market functions across its asset servicing business, which provides solutions to institutional asset managers and owners around the globe.

“Buzza’s role will be key to the ongoing management of our market-facing relationships across both traditional and digital markets,” says Justin Chapman, global head of digital assets and financial markets at Northern Trust. “His wealth of experience across risk management, commercial partnerships and financial markets will also accelerate the development of our traditional and digital asset capability roadmaps.”