Northern Trust boosts private markets sales team with new hire in Europe

Experienced alternatives business development executive joins Northern Trust in Luxembourg.

By Jonathan Watkins

Northern Trust has appointed a new senior executive for its alternatives business development team to focus on the rapidly-growing private markets segment.

Sara Gilbert joins Northern Trust in Luxembourg working with clients across Europe, Middle East and Africa (EMEA). The team targets building relationships with asset managers and asset owners across the globe looking to establish funds in Luxembourg, Ireland, the UK and Guernsey.

Gilbert joins Northern Trust from cloud-based private equity and alternative investment software prodiver, AltaReturn, where her role was focused on expanding the business into Asia-Pacific.

She previously held roles at SS&C Technologies, SunGard/FIS, PerTrac, Financial News and the Financial Times.

“Sara has extensive global experience working with alternative asset managers, helping them achieve best practice in their operating models, enhance efficiency, decision making and investor engagement,” said Clive Bellows, head of global fund services, EMEA, Northern Trust.

“Her appointment, combined with Northern Trust’s innovative products and services will drive our continued growth across the alternative asset investment spectrum.”

Northern Trust now supports over $1.4 trillion in alternatives assets on behalf of global asset managers and asset owners, and the fund administrator has been prioritising the private markets over the past couple of years.

In July 2019, the Chicago-headquartered bank hired former private equity fund administration executive from BNY Mellon, Robert Mullally, to lead sales for its North America practice. His appointment came six months after the promotion of Kimberly Evans in January to lead the newly created private capital administration practice.