Northern Trust has appointed Steve David as country head Luxembourg. David will replace Ian Baillie who is retiring in August.
In his new role, reporting to Toby Glaysher, head of Northern Trusts Global Fund Services activities in Europe, Middle East and Africa (EMEA), David will be responsible for leading and managing the continued expansion of the organizations specialist fund servicing and custody operations in Luxembourg, which serves clients around the world.
David has been based in Northern Trusts Luxembourg office since joining the organization in 2004. Most recently he was managing director of the Luxembourg management company.
During his career at Northern Trust, Ian has played an influential role in the evolution and growth of our Luxembourg operations within the development of our wider Global Fund Services business, overseeing a period of exceptional growth and performance, Glaysher said. Steves familiarity with the Luxembourg market and detailed knowledge of our business, client requirements and the regulatory environment ensure he is well placed to continue this momentum as he takes the lead in Luxembourg.
Established in 2004, Northern Trusts Luxembourg office provides specialist fund administration and custody services for tax-transparent, cross-border pooled funds, and traditional and alternative assets. The custodian bank obtained UCITS Compliant Management Company status in 2005.
(JDC)