Northern Trust Announces Olivier Noël as Country Head of Luxembourg
22 Fevereiro 2024 - 9:12AM
Business Wire
Northern Trust today announces it has appointed Olivier
Noël as Country Head of Luxembourg and leader of its
Luxembourg-based asset servicing business, effective
immediately.
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Northern Trust has appointed Olivier Noël
as Country Head of Luxembourg and leader of its Luxembourg-based
asset servicing business, effective immediately. (Photo: Business
Wire)
Noël also assumes the position of Chief Executive Officer of
Northern Trust’s European Union (EU) bank, Northern Trust Global
Services SE (NTGS SE) following approval by its Board. He will
become a member of the NTGS SE Board, subject to regulatory
approval.
Noël joined Northern Trust in 2005 as its head of Luxembourg
transfer agency. In his 18-year career since, he has worked in
senior roles including as chief operating officer (COO) of Northern
Trust’s Luxembourg Global Fund Services (GFS) business from 2019,
and as COO for NTGS SE since 2020. He has been a member of the NTGS
SE authorised management team since 2020.
Noël will report to Clive Bellows, currently Head of GFS,
Europe, Middle East and Africa (EMEA) and who has been recently
named, pending regulatory approval, to succeed Teresa Parker as
President of Northern Trust’s EMEA business.
“Northern Trust first established a Luxembourg presence in 2004
to help clients take advantage of European fund opportunities,”
said Bellows. “Today it is home to our EU bank and continues to be
central to our Continental European strategy for growth and helping
clients manage the increasing complexity of investing and doing
business. We are excited to appoint Olivier to continue building
our franchise through his leadership.”
From Luxembourg Northern Trust offers a range of fund
administration, depositary and global custody services for leading
fund managers, corporations, multinationals and pension
institutions.
Milestones since 2004 include becoming the first major custodian
to obtain a license to establish a UCITS-compliant management
company in Luxembourg, being first to service a cross-border,
tax-transparent Fonds Commun de Placement for a multinational
client’s global pension plan in 2005, and the acquisition in 2017
of UBS Asset Management’s fund administration business in
Luxembourg (and Switzerland). In 2019 Luxembourg became the new
headquarters for NTGS SE.
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 a global presence
with offices in 24 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of December 31, 2023, Northern Trust had assets under
custody/administration of US$15.4 trillion, and assets under
management of US$1.4 trillion. For more than 130 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit us on
northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust
or Northern Trust Corporation on LinkedIn.
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/terms-and-conditions.
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version on businesswire.com: https://www.businesswire.com/news/home/20240222617042/en/
Media Europe, Middle East, Africa
& Asia-Pacific: Camilla Greene +44 (0) 20 7982 2176
Camilla_Greene@ntrs.com
Simon Ansell + 44 (0) 20 7982 1016 Simon_Ansell@ntrs.com
US & Canada: John O’Connell +1 312 444 2388
John_O’Connell@ntrs.com
http://www.northerntrust.com
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