LONDON--(BUSINESS WIRE)--Northern Trust (Northern Trust, Nasdaq: NTRS) has added to its international asset management team with the appointment of Kais Abbas as head of investment business development for the Middle East.
Mr. Abbas reports to John Krieg, Northern Trust, managing director of asset management in Europe, the Middle East and Africa. Consistent with the firm’s regional team focus and structure, Abbas is based in Abu Dhabi, United Arab Emirates, and supported by central teams in London and Chicago.
“The Middle East market is sophisticated and dynamic. It constitutes a key component of our strategy to continue to build our international business,” said Krieg. “Investing has become ever more challenging, in an environment of heightened, ongoing market volatility, expanding regulations and the introduction of new investment strategies. In order for us to truly understand the issues faced by our clients, and to continue to provide thoughtful investment solutions to our investors in the Middle East, it is important for us to have a presence in the region. Being a native speaker with over 10 years’ asset management and private banking experience, working with Middle East clients, and living in the region, makes Kais perfectly placed for the role.”
Abbas’ appointment follows the momentum of those of Jay Powell who joined in 2009 to develop UK asset management business; Gerard van Leusden and Arnaud Bizet, business development directors for The Netherlands, based in Amsterdam, who joined in 2010; and Kristina Ilar, head of business development for the Nordic region, based in Stockholm whose appointment was announced earlier in 2011.
Abbas joins from Robeco Group where he spent six years based in Bahrain as country manager for Kuwait and Qatar in addition to various general management responsibilities. Previously, he worked for the private banking unit of Ahli United Bank in London and Bahrain as a senior relationship manager. He attended Brunel University in the U.K. and holds an MBA from Cardiff University.
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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 June 30, 2011, Northern Trust had assets under custody of US$4.4 trillion, and assets under investment management of US$684.1 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.
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- 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, Northern Trust Securities 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.
- Northern Trust operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority and the Australian Securities & Investments Commission (AFS Licence No: 314970).
- The Northern Trust Company of Hong Kong Limited is regulated by the Hong Kong 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.
- Northern Trust Global Investments Limited has a Netherlands branch which is authorised by the Financial Services Authority and subject to regulation in The Netherlands by the Autoriteit Financiële Markten.
- Northern Trust Global Investments Limited has a Sweden branch which is authorised by the Financial Services Authority and subject to regulation in Sweden by the Finansinspektionen.