Sunil Daswani, the international head of securities lending at Northern Trust, has left the firm.

The London-based executive first joined the Chicago-headquartered bank in 2002.

A spokesperson for the bank confirmed he left the business on 19 February. 

Daswani was most recently responsible for all Northern Trust's global clients and prospects within the securities lending division. 

Earlier in his career he acted as regional manager for securities lending in Asia at Northern Trust.

During that time he also held the position of chairman for the Pan Asian Securities Lending Association (PASLA) from 2004-2008.

Prior to Northern, Daswani was a securities, cash management & FX product manager at Citigroup.

Northern Trust's Mark Jones remains head of international product management, securities lending, covering EMEA for the firm. 

Dane Fannin continues as head of capital markets, Asia-Pacific, Northern Trust.

Neither are a direct replacement for Daswani. 

Earlier this month Jones told Global Investor that agent lenders may structure their lending programs differently due to Securities Financing Transaction Regulation (SFTR) reporting.

Northern Trust set up a securities lending trading desk in its Sydney office back in 2016. 

Last year Fiona Mitchell, head of Nordic relationship management, securities lending, Northern Trust Capital Markets, told Global Investor that blockchain is clearly relevant to the future of securities lending.