mast image

Impact Investing

IPE special report May 2018

Sections

Northern Trust names Biggs as London head

UK - Northern Trust Co. has appointed Penelope Biggs to the new position of head of institutional custody, fund administration and asset servicing in Europe, Middle East and Africa.

The role has been so far covered by the group’s head of the international market segment, Stephen Potter, explained a spokesman.

In her new capacity, Biggs will also act as general manager of the company’s London branch, which had been Potter’s responsibility. She will report to Potter, who said the appointment was “ the opportunity to elevate and promote local talent”.

Before taking up the new post Biggs, who joined Northern Trust in 1996, used to head its international sales and global fund services.

“Penelope will have direct responsibility for all strategic, tactical, business development, marketing and relationship management activities undertaken by the bank’s corporate and Institutional services unit in the region”, Northern Trust said.

Potter also pointed out that the appointment was the direct result of the “continued rapid growth” of the company’s European business and the “increasing importance and complexity” of its international businesses.

It reflected Northern Trust’s “commitment to London” as its international base of operation.

“These two new assignments for Penny are richly deserved and I am delighted that we have been able to recognise her hard work and dedication”

The Northern Trust Co. is the principal subsidiary of Northern Trust Corp., which has 2.3 trillion dollars (1.9 trillion euros) in assets under administration and 521 billion dollars in assets under management.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2435

    Asset class: CLOs.
    Asset region: Global.
    Size: USD 50m.
    Closing date: 2018-05-22.

  • QN-2436

    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
    Closing date: 2018-05-25.

  • QN-2438

    Asset class: High Yield Bonds.
    Asset region: US.
    Size: USD 300 million.
    Closing date: 2018-05-25.

Begin Your Search Here