Northern Trust Names Head of Continental Europe and Announces Creation of EU Bank
July 19 2017 - 3:38AM
Business Wire
Appointment in Response to Strategic Focus
and Growth across Region
Northern Trust (Nasdaq: NTRS) has appointed David Wicks
as head of continental Europe, subject to regulatory approval. The
appointment underscores Northern Trust’s continued strategic focus
and growth across the region. Additionally, Northern Trust will
create an EU-banking presence in Luxembourg, further establishing
its commitment to the region.
In this newly created role, Wicks will lead Northern Trust’s
business in continental Europe, working closely with Clive Bellows,
head of Northern Trust’s Global Fund Services business across
Europe, Middle East and Africa (EMEA). Wicks who has worked for
Northern Trust in a variety of roles for 20 years, was most
recently regional executive for Enterprise Operations for the EMEA
region.
Wicks will be responsible for developing strategy, regulatory
oversight and governance and will oversee client relationships in
Northern Trust’s Institutional Investor Group. He will report to
Teresa Parker, president, Northern Trust, EMEA.
“The creation of our EU banking presence in Luxembourg, which
will fall under David’s leadership in his new role, highlights our
commitment to growing our business in continental Europe,” said
Parker. “David’s strong client focus, in-depth knowledge of our
business operations and strategic objectives will help continue to
ensure we are well placed to support our clients’
requirements.”
Northern Trust has an established network of offices across
continental Europe – in Amsterdam, Frankfurt, Luxembourg and
Stockholm. Steve David, country head, Luxembourg; and Wim van
Ooijen, country head for Switzerland, Germany and (in the interim)
the Netherlands, will continue to report functionally to Bellows.
Bo Thulin, head of the Nordic region will report functionally to
Wicks.
Northern Trust’s acquisition of UBS Asset Management’s fund
administration servicing units in Luxembourg and Switzerland,
expected to close later this year, subject to applicable regulatory
and fund board approvals and other customary closing conditions,
will also bring Northern Trust a new European office in Basel and
establish Northern Trust as a top 10 asset servicing provider in
terms of assets under administration in Luxembourg.
Northern Trust offers a comprehensive range of asset servicing
and asset management solutions to institutional investors and
investment managers from its 10 offices across EMEA.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has offices in the
United States in 19 states and Washington, D.C., and 22
international locations in Canada, Europe, the Middle East and the
Asia-Pacific region. As of March 31, 2017, Northern Trust had
assets under custody of US$7.1 trillion, and assets under
management of US$1 trillion. For more than 125 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit
northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/disclosures.
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version on businesswire.com: http://www.businesswire.com/news/home/20170719005491/en/
Northern TrustEurope, Middle East, Africa &
Asia-Pacific Contact:Camilla Greene+44 (0) 207 982
2176Camilla_Greene@ntrs.comorUS & Canada Contact:Doug Holt+1
312 557 1571Doug_Holt@ntrs.comhttp://www.northerntrust.com
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