Northern Trust encroaches into Benelux

Northern Trust to target institutional clients in the Benelux region from its Amsterdam base.

Northern Trust Global Investment (NTGI) plans to win new business from institutional clients across Benelux from its office in Amsterdam, after receiving regulatory approval by the Dutch Autoriteit Financiële Markten and the UK Financial Services Authority.

The firm has also hired two senior business development directors to assist in its push; Gerard van Leusden and Arnaud Bizet will build new relationships across Benelux, focusing on pension funds and asset management groups, Northern Trust said.

Based in the Amsterdam office set up in March 2006, they will work with Liisa Salojarvi in London and receive the support of its UK relationship managers.

Salojarvi has advised Northern Trust Global Investments’ Benelux clients for a number of years, from the hub of Northern Trust’s EMEA business in London.

The latest expansion gives NTGI direct access to local markets, where it will offer asset management for institutionals, custody and fund administration services.

Following the move into Benelux, Northern Trust plans to encroach further into Europe, the Middle East and Africa, it said.

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