LONDON & AMSTERDAM--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today that it will offer asset management solutions to institutional clients across Benelux (Belgium, The Netherlands and Luxembourg) from its Amsterdam office, following regulatory approval from the Dutch Autoriteit Financiële Markten and the UK Financial Services Authority.
Regulatory approval for Northern Trust’s international asset management arm, Northern Trust Global Investments Ltd. (NTGI) supports its strategy to enhance its business across Europe, Middle East and Africa and expands Northern Trust’s product offering for clients across the Benelux region where asset servicing capabilities have been offered from its Amsterdam branch office since March 2006.
Northern Trust foresees strong growth in the Benelux region for its asset management activities, and the company regards the region as a stepping stone for further EMEA expansion.
“Our investment business is built around our clients’ needs and we believe the best way to listen to our clients and understand their specific goals and objectives is by having experienced investment professionals in the region,” said John Krieg, Managing Director of NTGI in Europe, Middle East and Africa. “Now, through our expansion, we can offer the local market direct access to our investment expertise and array of asset management solutions in addition to the variety of custody and fund administration services already offered in the Benelux region.”
To support NTGI’s expansion, Gerard van Leusden and Arnaud Bizet have been hired as senior business development directors responsible for building new asset management relationships across the Benelux region with focus on pension funds and asset management groups. They will work alongside Liisa Salojarvi, who has advised NTGI’s Benelux clients from London for a number of years, and will be supported by NTGI’s experienced UK team of relationship managers.
Van Leusden and Bizet join from Blackrock, previously BGI, in Amsterdam where they were sales and relationship management directors. Together they bring more than 20 years of combined experience in the investment management industry. The addition of two Dutch senior directors to the Benelux team marks the further successful local implementation of Northern Trust’s enhanced product offering and services to institutional investors in the region.
“We are delighted to welcome Gerard and Arnaud, who will be instrumental in supporting the expansion of Northern Trust’s asset management business to institutional clients across Benelux, from our branch in The Netherlands,” said Wim van Ooijen, Country Head for Northern Trust in The Netherlands. “The Netherlands continues to be a key market for Northern Trust and one in which we have been increasingly successful as a corporation for many years, and we are delighted to now also enter the attractive local asset management market segment from our Amsterdam office.”
NTGI has been offering asset management solutions to clients across EMEA from its London office for more than 10 years. These include a broad array of active, passive and quantitative investment solutions, including cash and fixed income, index and active equity management, and alternative investments. It manages assets for corporate and public pension funds, sovereign wealth funds, insurance companies, charities, central banks and other eligible professional investors. NTGI services clients from more than 40 countries.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset servicing 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 December 31, 2010, Northern Trust had assets under custody of US$4.1 trillion, and assets under investment management of US$643.6 billion. For more than 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 the Financial Services Authority.
The material within and any linked material accessed via this communication is directed to eligible counterparties and professional clients only and should not be distributed to or relied upon by retail investors. For Asia-Pacific markets, it is directed to institutional investors, expert investors and professional investors only and should not be relied upon by retail investors.
- Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission.
- Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission.
- Northern Trust International Fund Administration Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Central Bank of Ireland.
- Northern Trust Global Services Limited has a Netherlands Branch which is authorised and regulated in the Netherlands by De Nederlandsche Bank.
- Northern Trust Global Services Limited has a Luxembourg Branch which is authorised and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
- Northern Trust Luxembourg Management Company S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF).
- Northern Trust Global Services Limited operates in Abu Dhabi as a Representative Office, Licence number 13/238/2008 which is authorised and regulated by the Central Bank of the United Arab Emirates.
- The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.
- The Northern Trust Company operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority.
- The Northern Trust Company of Hong Kong Limited is a securities company regulated by the Securities and Futures Commission.
- The Northern Trust Company has a Singapore Branch which is a foreign wholesale bank regulated by the Monetary Authority of Singapore.
- The Northern Trust Company has a branch in China regulated by the China Banking Regulatory Commission
- Northern Trust Global Investments Japan, K.K. is regulated by the Japan Financial Services Agency.
- Northern Trust Global Services Ltd (UK) Sweden Filial is Authorised by the Financial Services Authority and subject to regulation by the Finansinspektionen.