Northern Trust has appointed Allan Watson as Head of Derivatives Operations for Europe Middle East and Africa (EMEA).
In this newly created role, Mr. Watson is responsible for managing the teams that administer over-the-counter (OTC) and exchange-traded derivatives (ETD), and provide collateral management services, for investment manager and pension fund clients who outsource these activities to Northern Trust.
“The trend for clients to outsource their derivatives processing activities continues to gather momentum.” says Mr. Andress.
Mr. Watson joins Northern Trust from Bank of America where he was Manager in the exotic rates middle office. Prior to this, Mr. Watson worked for Goldman Sachs in London and New York. His career to date spans a decade during which time he has worked in investment banking and proprietary trading.