Northern Trust has hired Struan Malcolm as the new head of Asset Servicing in the Nordic region. Based in Stockholm, he will be responsible for identifying opportunities to market Northern Trusts services to a diverse base of clients including insurance companies, pension funds, charities and fund managers across Sweden, Denmark, Finland and Norway.
Malcolm joins Northern Trust from Nomura where he was most recently senior transition manager responsible for the Nordic region. Prior to this, Malcolm worked at Northern Trust in various roles across custody, transition management, fund administration and asset management.
We are delighted to welcome Struan back to Northern Trust, said Penelope Biggs, head of the Institutional Investor Group for Europe, Middle East and Africa. His business experience and expertise across both the asset servicing and asset management industry will be particularly valuable as we continue to develop our local solutions to meet our clients unique regional requirements.
Northern Trusts Stockholm office opened in September 2009, following close on 20 years of servicing clients in the region, to offer global custody and related services to those clients. Earlier this year, Northern Trust attained a licence to offer asset management expertise directly from the Stockholm office, and appointed Kristina Ilar as head of asset management sales for the region.
(JDC)