Northern Trust hires State Street’s Chapman

UK – Northern Trust has appointed Paul Chapman as head of global fund services relationship management.

Chapman has been in the financial services industry for 17 years. Most recently he was senior vice president in strategic development for State Street’s UK-based investor services business. He also worked at Brown Brothers Harriman, and the Pershing Division of Credit Suisse.

At Northern Trust, Chapman will oversee a team of five and will report to Penelope Biggs, head of business development and global fund services for Northern Trust.

Chapman replace Clive Bellows.

Northern Trust is a Chicago-based global custody, asset administration, and investment management service provider. As of June 2003, Northern Trust had 1.8 trillion dollars in assets under custody, and 423 billion dollars in assets under management.

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