Northern Trust Appoints Penelope Biggs as Head of Institutional Investor Group for EMEA
By Northern Trust Corporation, PRNESunday, June 13, 2010
Peter Holman appointed as Chief Administration Officer for EMEA
LONDON, June 14, 2010 - Northern Trust (Nasdaq: NTRS) announced today that Penelope Biggs has
been appointed as head of Northern Trust's Institutional Investor Group for
Europe Middle East and Africa (EMEA). Her appointment further aligns Northern
Trust's sales and client servicing teams and supports a continued focus on
providing market-leading solutions to clients.
In her new role, Biggs will lead client servicing and sales, consulting
and marketing for the Institutional Investor Group, which provides asset
servicing solutions to institutional investors, such as pension funds,
sovereign wealth funds, and insurance companies.
Biggs, who joined Northern Trust in 1996, was most recently head of
business development, marketing, product and strategy for Northern Trust's
asset servicing business in EMEA. She also chairs Northern Trust's Retirement
Solutions Practice, an advisory group dedicated to helping institutions
navigate the complexities of the global retirement market.
"Penny has been instrumental in developing our asset servicing business
in EMEA," said Biff Bowman, CEO of Northern Trust in EMEA. "We are delighted
to appoint Penny to this new role where she can utilise her extensive
experience to support our clients' needs."
Biggs takes on an expanded role from Peter Holman, who has been named
Chief Administration Officer for EMEA. In this newly created role, Holman
will oversee Northern Trust's EMEA product team as well as the Investment
Risk and Analytical Services group. He has over 25 years of industry
experience and joined Northern Trust in 1995.
"We have seen our clients' requirements become increasingly sophisticated
as they focus on solutions that can help them manage risk — from products
designed to help manage regulatory reporting requirements to those that
satisfy demands for transparency and integrated reporting data," said Bowman.
"By creating this new role, which aligns the product and risk teams
together under Peter, we are better positioned to continue providing our
clients with innovative and market-leading solutions that cater to their
evolving requirements."
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of
investment management, asset and fund administration, banking solutions and
fiduciary services for corporations, institutions and affluent individuals
worldwide. Northern Trust, a financial holding company based in Chicago, has
offices in 18 U.S. states and 16 international locations in North America,
Europe, the Middle East and the Asia-Pacific region. As of March 31, 2010,
Northern Trust had assets under custody of US$3.7 trillion, and assets under
investment management of US$647.3 billion. For 120 years, Northern Trust has
earned distinction as an industry leader in combining exceptional service and
expertise with innovative products and technology. For more information,
visit www.northerntrust.com.
Northern Trust Corporation, Head Office: 50 South La Salle Street,
Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the
U.S.
The Northern Trust Company, London Branch (reg. no. BR001960), Northern
Trust Global Investments Limited (reg. no. 03929218) and Northern Trust
Global Services Limited (reg. no. 04795756) are authorised and regulated by
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retail investors.
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IRS CIRCULAR 230 NOTICE: To the extent that this message or any
attachment concerns tax matters, it is not intended to be used and cannot be
used by a taxpayer for the purpose of avoiding penalties that may be imposed
by law. For more information about this notice, see
www.northerntrust.com/circular230.
EMEA, Camilla Greene, +44(0)207-982-2176, Camilla_Greene at ntrs.com; or US, Canada & APAC, John O'Connell, +1-312-444-2388, John_O'Connell at ntrs.com
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