Northern Trust Makes Global Management Changes

December 21, 2005 ( - Northern Trust, a provider of global custody, asset administration, and investment management services, has announced changes to management in London.

According to the announcement, the firm has made the following appointments:

  • Penelope Briggs will take on the newly-created role of Head of Global Corporate & Institutional Services Sales, effective January 1. She will be responsible for directing Northern Trust’s institutional custody, fund administration and asset servicing sales efforts worldwide, and will continue to oversee marketing for Northern Trust’s international asset servicing business.
  • Gregg Behrens becomes Head of Corporate & Institutional Services for Europe , Middle East & Africa (“EMEA”), effective January 1. He will oversee business management and corporate governance activities relating to Northern Trust’s asset servicing group in the EMEA region.
  • Wilson Leech will become Head of Global Fund Services (“GFS”) worldwide, a newly created position, effective March 31. He will lead the global development of Northern Trust’s business that caters to the custody, fund administration and related service needs of investment management organizations. He will have direct responsibility for all GFS business activities .
  • Joyce St. Clair will retain her current responsibilities for overseeing the Baring Financial Services Group integration, but will add to her responsibilities by becoming Deputy Head of Northern Trust’s International Business Segment, effective January 1. She will take on broader responsibilities in terms of infrastructure development and strategic planning for the International business segment,working with Steve Potter, Group Head of Northern Trust’s International Business Segment.

In addition, Northern Trust will also expand its wealth management business in Europe with the appointment of Nick Ring to the newly-created role of Head of Wealth Management, Europe, effective January 1. His responsibilities will include identifying how Northern Trust can best leverage its expertise, product array and infrastructure to further enhance the development of this part of its business in Europe.

Potter said in the announcement, “As part of our long-term planning, and in light of recent growth, we have been actively reviewing our organizational infrastructure to ensure that we are well positioned to serve our clients,manage a larger, more complex business and maintain our growth momentum.”