Northern Trust has appointed Ian Baillie as Managing Director of its planned fund services business in Luxembourg. The office is scheduled to open upon complete regulatory approval. Baillie will report directly to Stephen Potter, Senior Vice President and Head of Northern Trust’s International business, who is based in London.
“We are delighted to have secured the services of such an experienced individual to lead Northern Trust’s entry into the Luxembourg marketplace,” says Potter. “Ian’s appointment reinforces Northern Trust’s commitment to the global fund services business in Europe, and demonstrates the attractive profile we are building in this business.”
“I am excited to be joining Northern Trust and look forward to making a positive contribution to the continued rapid growth of its business in Europe,” adds Baillie. “Northern Trust has an outstanding reputation for client service and I am confident our entry into the Luxembourg market will be a success.”
Baillie was previously Managing Director of The Bank of New York (Luxembourg) SA. Prior to that he held a number of senior positions at Chase Manhattan Bank, including postings in Luxembourg, New York, Australia and the UK.
Northern Trust Global Fund Services has fund servicing centres in London and Dublin.