EUROPE - Northern Trust has boosted its European multinational pension fund team with the appointment of Claire Steele as senior relationship manager.

Based in London, Claire will be responsible for coordinating client relationships for a select number of European based multinational pension funds such as IBM, Unilever and Nestle.

Northern said: “Steele’s appointment to a growing client services team supports Northern Trust’s commitment to its developing multinational pension funds business in Europe and, in particular, to the success of its unique multinational pooling product.

A spokesman said the pension pooling products would be among the services the clients take, alongside other services such as custody and administration.

Steele, who joins from J P Morgan Investor Services, said: “Northern Trust can count a number of Europe’s leading multinational pension funds as clients. It will be an exciting challenge for me to work alongside these organisations and to be a part of Northern Trust’s continuing success story.”

“She is a key hire for our client services team and brings a wealth of experience and expertise in looking after large and complex client relationships in the European asset servicing arena,” said Molineux.

“Her appointment is evidence of our ongoing commitment to assist multi-national clients achieve their strategic objectives for their pension funds across Europe through the advancement of bespoke solutions.”